$BTC In the last week, the price of bitcoin (BTC) reached the mark of U$S100,000, which generated an optimistic sentiment in the market. What will happen to bitcoin from now on?
The forecasts are encouraging for most. As reported in CriptoNoticias, in early May, bitcoin broke the all-time high of realized capitalization. This is a metric that provides insight into the market sentiment.
The CryptoQuant analyst Carmelo Alemán said that at this moment "there is great confidence in the asset." He added that "both large institutional capital and small investors have returned, and all market participants are speculating on a significant increase in the price of bitcoin in a very short period."
Analyzing the current market landscape, Alemán claims that it is very likely that an explosive price increase for BTC will occur soon. And the behavior of gold confirms this theory. So, the signals seem to indicate that Satoshi Nakamoto's cryptocurrency is resuming its upward trend.