Katalin Tischhauser, Head of Investment Research of Sygnum, a crypto asset banking organization, Bitcoin $107,254.55He says that the possibility of creating a binary peak of over $ 100,000 is directed to investors to be cautious. However, he states that a loss of value similar to the big decline in 2022 is not possible unless an unexpected “black swan” event has happened.
Cautious course in technical indicators
It is emphasized that crypto money markets are largely dependent on emotional movements, while it is difficult to determine the basic values. For this reason, there are warnings that the double hill formation, which is followed in technical analysis, should be taken seriously. Bitcoin’s last 50 days, 110,000 to 100,000 dollars fluctuated and therefore the rise trend slowed down.
According to the interpretation of famous technical analysts, the binary peak formation in Bitcoin may lead to a risk of decreasing to $ 27,000 if prices fall from $ 110,000 to below $ 75,000. This means a decrease of up to 75 percent of the summit values. However, it is often not possible for technical formations to lead to a decrease in this diameter alone.
Catalin Tischhauser: “The crypto market is largely sensitive; the basic valuation is difficult. However, unless there is an unexpected catalyst such as a large -scale collapse, terra or FTX, we can see a long -term rise trend with the current political and regulatory support.”
Increased participation and market dynamics of corporates
It is emphasized that the current rise momentum is based on the increasing interest of corporate investors rather than narrative -oriented movements in the previous years. Bitcoin -oriented investment funds, which have been traded in Nasdaq since January 2024, have recorded more than about $ 48 billion.
Bitcoin, companies as a tool of value storage in the vaults of more and more began to be used, 141 public companies in total 841,693 Bitcoin reported. These purchases made by corporate investors are thought to create a permanent demand on the market and play a supportive role in prices.
Katalin Tischhauser: “Institutions include Bitcoin as a result of meticulous evaluations in model portfolios and these investments are long -term. The new start of corporate demand will provide a certain period of support at prices.”
Change in the halving cycle
It was observed that Bitcoin’s price increased with the Halving cycle, which took place every four years in the past, and then reached the summit and declined. However, it is suggested that the last supply reduction in 2024 may not be as effective as traditional cycles. It is now stated that corporate movements are decisive in the market and that the sales of miners constitute a very small part of the total transaction volume.
Catalin Tischhauser: “The four -year Halving cycle does not have to show its usual effect due to the change in market -led.
Experts say that political developments and sudden market shocks of major decreases in the past, and in the current situation, a durability caused by liquidity and institutional interest stands out. For this reason, it is recommended to be cautious in technical indicators, but it is noted that a large -scale price collapse is only possible with large incidents of unpredictable events.
The recent price mobility in Bitcoin is shaped by the effect of demand from institutions. It is stated that the effect of the last supply reduction cycle is reduced and new dynamics are effective compared to traditional market cycles. While watching the technical indicators of investors, it is stated that it may be useful to consider the potential effects of non -market 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.
