Bitcoin $84,164.68 The price of the fluctuation slowed down, BTC is traded around $ 84.278. While the losses are compensated at a certain rate, investors wonder if the permanent support level of around $ 84,000 will occur.
The status of short -term investors
According to Glassnode data, Bitcoins in the hands of short -term investors have increased their losses and came under significant pressure. While the assets in the hands of investors approach the two standard deviation limits, the amounts of damage are more limited than their previous rise periods.
Glassnode: “Damages in the last 30 days have exceeded $ 7 billion. Losses are lower than previous withdrawal periods.”
Does Bitcoin rise?
Bitcoin has been traded in a narrow range between 81,300 and $ 87,320 for the last week. Market observers state that this price range constitutes the support point and is likely to recover in the near future.
Corporate initiatives, regulatory changes and global money supply rise are expected to have positive effects on the market. At the Summit of Digital Asset, the US President’s goal of making the country’s crypto asset center was also expressed.
Donald Trump: “The US continues its plan to reach a leading position in the field of crypto.”
Long -term BTC estimates
Long -term expectations among experts are positive. Bitwise CIO Matt Hougan presented estimates that Bitcoin could reach a target of $ 1 million by 2029.
Matt Hougan: “Depending on long -term macroeconomic uncertainties, the price of Bitcoin can reach $ 1 million.”
The fine transaction volume, technical indicators and increasing corporate investor interest in the market may pave the way for Bitcoin to make upward movement from a stable support level. The fact that investors follow the regulations considering market risks is important in the light of existing economic and regulatory developments.
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.
