Bitcoin $BTC shows a recovery trajectory this Thursday (24), with a price of approximately $93,000. The cryptocurrency recorded a 6% increase in 24 hours, reaching a peak of $94,115.28, the highest since March.
In the last two days, Bitcoin recorded gains exceeding 11%, being 23% above its low in April. This performance is supported by significant inflows of investments in Bitcoin ETFs in the United States, with inflows of $912 million in a single day, the largest volume since January.
Stability Factors
The Bitcoin market shows resilience, with a decoupling from risk assets and maintaining stability, despite light trading volumes.
Analysts point out that the market is in a neutral position, with the Relative Strength Index (RSI) at 67.80, suggesting potential for new gains if Bitcoin surpasses resistance levels, such as $95,000.
However, to reach $100,000, an additional catalyst may be needed, such as greater regulatory clarity or institutional adoption.
Future Outlook
Institutional adoption remains a positive factor, with optimistic forecasts indicating that Bitcoin could reach $100,000 or more by 2025.
Despite the optimism, the inherent volatility of the cryptocurrency market persists, requiring caution from investors. Monitoring regulatory and global economic developments will be essential to anticipate Bitcoin's next movements.
#BTCvsMarkets #BTC
Sources: Cointelegraph, Investing, Reuters, Mercado Bitcoin
Note
Invest cautiously, using only capital that can be risked. Consult regulated exchanges, such as Mercado Bitcoin, for secure trading.
The information provided in this article is of a general nature and should not be interpreted as financial, legal, or professional advice. Invest and make decisions cautiously, and consult qualified experts before acting. The cryptocurrency market is highly volatile and involves significant risks.
