A look at the near-term future of Bitcoin's price
Bitcoin's price rose today by more than 3% and was trading at $87,500, accompanied by extremely high trading volume exceeding 100% to reach $26.43 billion. Notably, this rise in Bitcoin has increased interest as it recorded a low for the leading cryptocurrency over 24 hours at $83,900. Additionally, open interest in Bitcoin futures contracts rose by more than 4%, reflecting the bullish sentiment prevailing in the market.
Additionally, recent forecasts for Bitcoin's price have also shown that bulls are currently in control, suggesting continued upward movement in the future. Meanwhile, amid the ongoing rise, Robert Kiyosaki's bold predictions come as renowned analyst Ali Martinez highlights positive trends for Bitcoin.
Martinez revealed in a recent analysis that more than 60 new wallets holding over 1,000 Bitcoins have emerged since early March. This increase in the number of widespread investors, often referred to as 'whales', indicates growing interest and confidence in the cryptocurrency.