¡#bitcoin A $140,000? 6 Signals That Predict It
After surpassing $106,000, $BTC shows strength, and traders are targeting $140,000 as the next maximum. Here are the 6 main signals:
1. Strong inflows of #etf : Spot Bitcoin ETFs recorded net inflows of $2.9 billion in two weeks, reflecting previous rallies.
2. Risk appetite: The CBOE volatility index (VIX) has dropped, indicating a 'risk-on' environment that favors #BTC . A model predicts $135,000 if the VIX remains low.
3. Whale accumulation: Large investors are accumulating Bitcoin, suggesting bullish sentiment.
4. Decrease of BTC on exchanges: Investors are withdrawing BTC to self-custody wallets, indicating a lack of intention to sell.
5. Increase in network activity: The volume of Bitcoin transactions is increasing, historically associated with price rises.
6. Rounded bottom pattern: The daily chart shows a rounded bottom pattern, with a technical target of $140,000 if the neckline at $106,660 is broken.
Do you think Bitcoin will reach $140,000? Which signal do you find most convincing?
