Constant capital inflows and bullish technical data suggest that Bitcoin will reach new highs before the end of May.
BTC bulls seek new highs next week as capital inflows surge
The realized capitalization of Bitcoin has grown by USD 30 billion since April 20, reflecting the constant confidence of investors and new capital inflows.
A price consolidation pattern of Bitcoin forecasts a possible 10% breakout for next week. It continues to show strong bullish momentum, as new capital inflows point to potential new price highs next week. In a post on X, Glassnode reported that the realized capitalization of Bitcoin, which measures the total value of BTC according to the last price of each coin, increased by USD 30 billion since April 20, with a monthly growth of 3% in May. The current realized capitalization is USD 900 billion.
Cryptocurrencies, Bitcoin Price, Markets, Price Analysis, Market Analysis
Realized capitalization of Bitcoin. Source: Glassnode
Although slower than the 8% increase at the end of 2024, when BTC reached USD 93,000, this growth reflects the constant confidence of investors and the influx of new capital into the market.#BTC $BTC