#CryptoCPIWatch
Since Bitcoin has currently reached $105,000, I will write you a post with a simple and realistic analysis:
"Bitcoin is currently at the barrier of $105,000, which is a historic number indicating great confidence from investors and institutions.
What is happening is not a coincidence, but the 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 and $140,000 in the coming months, but of course, we must be cautious of the volatility that always accompanies cryptocurrencies.
* Let me add an analytical piece of information
"What distinguishes the recent rise of Bitcoin is the decline 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 area, which may indicate a temporary correction before continuing to rise.
Also, daily trading volumes have increased by more than 20% compared to last month, reflecting increased interest and the influx of new liquidity into the market."
What do you expect the price of BTC to reach in the coming months?
