Top Reasons Why Bitcoin (BTC) Price is Poised to Maintain a Strong Bullish Trend Until the End of the Month
Bitcoin burst into a new ATH at $ 111,861 The “Bitcoin Pizza Day”, which turned out to be memorable. Despite the increase, the price is faced with a reduced lower action, suggesting that investors have become very optimistic about the next price action. In addition, some of the fractals suggest that the BTC Bull Run has just started, and therefore the price is supposed to maintain a healthy ascending trend and remain consolidated in the discovery phase.
The current increase in BTC prices has been supported by an increase of more than 75% of the negotiation volume in the last 24 hours, but has increased by more than 100% in the last two days. Despite the massive increase in the bullish momentum, some of the techniques that were supposed to be overheated are quite cool, signaling an action as the major prices approached.
Bitcoin financing rate remains low
The funding rate is an overheating indicator on the market. Long bets increase but have not reached the peaks they have marked during the previous gatherings. This suggests that future market overheating is quite negligible.
Capital short -term diving plunged
The influx of short -term capital can be calculated by considering the part of the BTC negotiated in a week to 1 month. This also determines overheating of the market, because it displays the active offer that was moved last time between 1 week and 1 month. Although the price of the BTC has marked new heights, the short -term capital influx is not as fast as during past peaks.
Whales and investors refrain from taking advantage
Shortly after the price increases, short -term holders tend to make profits, which has been seen in almost all price increases. In March 2024, taking advantage was important, which led to prolonged correction. Now that the price has reached new heights, taking profits is much lower than in November 2024, which indicates that whales and the use of retailers are limited, because they could wait for massive price action.
On the other hand, the Bitcoin holdings in the ETF Spot also reached a top of all time. The increased and institutional investors’ assets considerably support the global market trend. This suggests that the Bitcoin market is still in a healthy ascending phase and therefore has enormous potential to maintain a steep upward trend to mark fresh summits in the coming days.
