Bitcoin $104,976.58 price He entered the week, blowing like a wind. With the increase in inflation concerns, high -volume purchases made by giants such as Microstrategy and Metaplanet have poured fresh money into the crypto currency market. The powerful institutional demand from ETF accelerated the upward acceleration and the price moved to the threshold of 107 thousand dollars. Analysts, with the continuation of the receiving appetite Bitcoinin the opinion that new records are at the door beyond 108 thousand dollars.
Bitcoin rises in the shadow of institutional purchases and fears of inflation
Microstrategy Last week, he added 764.9 million dollars worth of BTC and enlarged his treasury balance. Even the collective lawsuit filed against the company in the same days could not cool the appetite in Bitcoin. Japanese Investment Company Metaplanet 104.8 million dollars of BTC by purchasing the total presence of approximately 1 billion dollars. The two purchase price in question stands out as the most powerful catalysts that pushed to the 107 thousand dollars band. On the other hand, in the USA Spot ETFThe net flow of $ 667 million entering the first day of the week is proof that corporate corporates see Bitcoin as portfolio insurance.
Combined with increased inflation expectations of investors’ safe port search, it created extra pressure on the demand side. Walmart’s increase in input costs will reflect on prices, the market strengthened the perception that “interest rates may remain high for a long time”. The capital, which escaped from traditional instruments, fed the “digital gold” narrative and turned to Bitcoin. On the individual investor front with the same motivation stablecoin While the balances decrease, the amount of BTC from the stock exchanges to cold wallets attracts attention.
Technical indicators indicate the possibility of refreshing the record
A hard reaction from the support of 102 thousand dollars in the graph is a classic rise formationIt made it the formation. Currently, Bitcoin’s price is 0.5 Fibonacci level (104 thousand 634 dollars) permanently passing on 0.618 zone ($ 105 thousand 226 dollars). If the buyers break the 1.0 FIB extension corresponding to 107 thousand 141 dollars, the targets of 110 thousand 240 dollars and 115 thousand 254 dollars may come up.
With this Stockastic RSIthe risk of profit sales in the extreme purchase zone and in this short term continues. Nevertheless, the flow of flows and institutional purchasing news to Spot ETFs balances the sales pressure in the weak hands and ensures that the rise scenario outweighs. Experts, as long as the price continues to hold around 104 thousand dollars, it will not be a surprise to push 108 thousand dollars.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
