The fundamentals of Bitcoin have turned bullish, and the market may consolidate or rise slowly.
The fundamentals of Bitcoin have turned bullish, with capital inflows into the network increasing, creating good conditions for breaking through historical highs.
The overall market and speculative capital flows have bottomed out, and when these two factors combine, a favorable market environment is formed. Currently, market liquidity is recovering, and the downside risk is relatively low.
The mid-term target prices of $90,000 and $93,000 for Bitcoin have been reached, with a new mid-term target of $103,000. Due to on-chain indicators showing that prices are high, it may be difficult to rise quickly in the short term; the market may consolidate or rise slowly. Additionally, new channels for capital inflow provide convenience for traditional investors, which are recognized as collateral by banks and brokerage firms, circumventing the regulatory issues faced by Bitcoin.
The fundamentals of Bitcoin have turned bullish, with capital inflows into the network increasing, creating good conditions for breaking through historical highs.
The overall market and speculative capital flows have bottomed out, and when these two factors combine, a favorable market environment is formed. Currently, market liquidity is recovering, and the downside risk is relatively low.
The mid-term target prices of $90,000 and $93,000 for Bitcoin have been reached, with a new mid-term target of $103,000. Due to on-chain indicators showing that prices are high, it may be difficult to rise quickly in the short term; the market may consolidate or rise slowly. Additionally, new channels for capital inflow provide convenience for traditional investors, which are recognized as collateral by banks and brokerage firms, circumventing the regulatory issues faced by Bitcoin.
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BTC
93,922.89
-0.29%