Main takeout:
Bitcoin’s realized CAP has increased $ 30 billion since April 20, reflecting steady investor trust and new capital inflow.
The Bitcoin price integration pattern predicts 10%potential by next week.
Bitcoin (BTC) continues to show strong propulsions by signaling new capital inflows in the next week. In the X Post, GlassNode has been reported to have measured the total value of BTC based on the last price of each coin, and has grown at a 3%monthly ratio since April 20. The current upper limit is $ 900 billion.
When the BTC earns $ 93,000, it is slower than the 8% spike in the second half of 2024, but this growth reflects the steady investor trust and the new capital to enter the market.
In addition to optimism, GlassNode has changed its market epidemiology. Bitcoin’s SPOT Volume Delta’s seven -day simplicity (SMA) has overturned $ 5 billion in the number of $ 5 billion on May 13.
As emphasized this year, this aggressive net buyer demand goes beyond Bitcoin’s recent psychological resistance and confirms the strong spot market conviction on Bitcoin’s recent promotion. The surge in spot purchasing pressure suggests that institutions and retail investors are pushing for rally as well as leverage transactions.
Despite the slow growth rate of the $ 50 billion spike in late 2024, the current market sentiment is still positive.
Related: The strategy says that it will beat all public stocks with Bitcoin.
Will Bitcoin increase 10% by next week?
BITCOIN has shown a steady integration and expansion trend since its formation of about $ 74,500 in early April. In the last four weeks, a pattern of moving sideways has been shown before Bitcoin is divided into a higher range every time it reaches the core level. This pattern has been repeated twice in the third integration.
Each stage followed a similar setting and formed a higher top and lower range. The bottom range is usually tested at least once before bitcoin is the best push. The relative robbery index (RSI) has complemented this price measure and has fallen to about 50 while reaching the new top and level and moving sideways.
Bitcoin currently integrates the top range of $ 105,700 and a low range of $ 100,678. If the pattern is maintained, Bitcoin can resume $ 100,000- $ 102,000 before violating $ 110,000 or more. However, if the price drops to less than $ 102,000 and does not recover quickly, the weakness of the weakness may occur.
Related: Market volatility indicators still refer to $ 1.35 million of Bitcoin within 100 days -Analyst
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.