Since Bitcoin has currently reached $105,000, I will write you a post with a simple and realistic analysis:
"Bitcoin is currently at the threshold of $105,000, which is a historic number indicating great confidence from investors and institutions.
What is happening is not a coincidence, but a result of many factors such as:
Increased demand from investment funds
Inflation in traditional markets
Reduced supply after the last Halving event
If the upward trend continues, we can expect Bitcoin to reach levels between $120,000 to $140,000 in the coming months, but of course, we must pay attention to the fluctuations that always accompany cryptocurrencies.
* Let me add an analytical piece of information
"What distinguishes the recent rise of Bitcoin is the decrease in selling pressure from whales, and the increase in long-term holding (HODLing) according to on-chain data.
The RSI indicator is currently still within a positive range, but it is close to the overbought zone, which may indicate a temporary correction before continuing to rise.
Additionally, daily trading volumes have increased by over 20% compared to last month, reflecting growing interest and the influx of new liquidity into the market."
What price do you expect BTC to reach in the coming months?
