As you can remember, the biggest crypto currency Bitcoin (BTC) $109,754.45On May 22, celebrated as Bit Bitcoin Pizza Day ”, he recorded its highest level in its history with $ 111 thousand 861. Following this important day, the weakened bear trend in the face of the price movement was a reflection of the optimistic expectations of investors about the future. 75 percent in the last 24 hours, in the last few days of the increase in the increase in the increase in transaction volume of more than 100 percent, while the technical indicators of overheating signs of overheating. This is the biggest crypto currencyHe points out that he can maintain a healthy rise trend during the price discovery phase and see new summits by the end of the month.
Historical Record on Bitcoin Pizza Day
Bitcoin, May 22 “Bitcoin pizza day“In 111 thousand 861 dollars, he reached the highest level so far and left a significant milestone behind. For those who do not know, Bitcoin Pizza day is celebrated as the anniversary of the day when a concrete goods were paid for the first time in 2010 by paying BTC in 2010.
Following this record level, pressures to decrease the price remained weaker than expected. This pushed a strong optimism to investors’ short -term market movements. Some technical analysis models (fractals) available in bitcoin2 bull runningIt reflects that it is still in the initial stage.
Technical indicators point to a healthy rise
The last rise in the price of Bitcoin is more than 75 percent in the last 24 hours and more than 100 percent in the last few days. transaction volume supported by the increase. Despite this strong acceleration in the rise momentum, some technical indicators typically expected to enter the extreme purchase zone are still at “cool” levels.
This unexpected cooling is seen as a signal that a larger price movement is approaching in the near future. In particular, the “funding ratio ına paid for long positions in futures markets has not yet reached the peaks seen during the previous harsh rise periods. This shows that the market is not on the table yet on the table.
Whales and ETFs give confidence
Another critical indicator, “Short -term capital input olan, offers a remarkable picture. Change hands between the last week and a month BTCThis indicator, which expresses the ratio of the s, is in a slower increase than the previous peak periods. This means that despite the rise, overheating in the market is limited.
In the past, especially in the harsh corrections in March 2024, short -term investors usually realized their profits immediately after price splashing. However, on the current rise, for example, there is a much lower profit sales than November 2024. Big investors, in other words, whales and individual investors are quite reluctant to get their profits. This is more potentially interpreted as a powerful sign that they expect a huge rise.
Moreover Spot Bitcoin ETFThe amount of BTC, which was kept from their, reached the highest level of all time. It significantly supports the increasing assets of both corporate and individual investors in these funds of the general ascension trend of the market. The increasing amount of BTC in ETFs shows that the market is still in a healthy growth stage and the price has the potential to reach even higher levels in the coming days.
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.
