$BTC Analysis: Potential for Price Growth - AMBCrypto Analytics

Bitcoin (BTC) is poised for higher prices as market conditions suggest increased liquidity. Analyst Tomas forecasts a drop in U.S. bank reserves to their lowest in over four years, which may lead the Federal Reserve to halt Quantitative Tightening (QT), boosting Bitcoin.

Short-term indicators show mixed signals; the TD Sequential has flashed a sell signal, while the RSI and Stochastic RSI indicate overbought conditions. A correction might be imminent, but support could hold above $60K, with recent volatility between $53K and $62K.

Short-Term Holders show resilience, with only 4.46% in loss, indicating stability. However, Long-Term Holders have seen profit margins decline, with 58.27% still profitable, down from 74% in March.

New whale activity and interest from traders signal potential price growth. Bitcoin’s dominance has surged to over 57.86%, suggesting strong market leadership and future gains.