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Bitcoin (BTC) breaks another all-time high for the third consecutive week.
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The price of Bitcoin is likely to rise soon if the realized cap metric reaches an all-time high.
Bitcoin (BTC), the leading digital currency, has recorded its all-time high (ATH) in terms of realized market cap for the third consecutive week. This indicates bullish potential for the asset, especially with the currency's price rising significantly in the past twenty-four hours. Bitcoin is responding to increased investor confidence according to an update shared by CryptoQuant, a data platform on-chain, which states that the publication of a series of new ATHs in Realized Cap indicates that investors in the Bitcoin market are regaining confidence.
It is worth noting that the rise in realized value indicates new capital inflows, as both long-term and short-term investors are adding their investments. This development suggests that Bitcoin investors believe in its recovery and have regained their confidence in reinvesting in it. This influx of new capital indicates that prices may see a significant rise if this trend continues. However, this depends on the ability of investors to keep trading volumes high as well. This means that the Bitcoin market may be witnessing the early stage of a new bullish cycle. If this metric leads to the launch of a new bull market for Bitcoin, the asset could erase its previous record price of $109,000, established in January 2025. Market experts expect a move towards the $500,000 level. As of the time of writing this report, Bitcoin was trading below $200 to surpass the psychological level of $100,000. It is now trading at $99,836, marking an increase of 3.03% over the past twenty-four hours.
Investors have actively reacted to the assets, leading to a significant trading volume increase of 60.84% to $54.04 billion during the same period. Positive expectations are already flooding in from prominent figures in the sector. For example, financial expert Max Keiser predicts that the price of Bitcoin could grow by nearly 410% from its current level. This rise could lead Bitcoin to trade at $500,000 soon. The coming days will reveal whether the current bullish signal is a sign of Bitcoin's astronomical movement towards the half-million-dollar area.
