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Price Prediction

Bitcoin collects 95 thousand dollars? The greed of the market indicates that it is possible

The cause of confidence

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Bitcoin is on everyone again. The cryptocurrency has risen to $ 88,500 today, and the trafficking of exciting people who believe that the price will rise to 95,000 dollars in the near term. But while optimism is high, caution is so. Some analysts warn that the decline to $ 80,000 may occur before the start of the next main gathering.

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Merchants show signs of greed

Market Intelligence Santiment platform reports that Greed builds between encryption investors. Reference Bitcoin It reaches 100,000 dollars or even higher than 159,000 dollars increased through social media platforms. While hope generates all excitement, Santiment states that such peaks in greed generally precede imminent prices.

Traders were also hindering early in the year when Bitcoin fell to $ 78,000. But it seems that this last height dates back to 88,500 dollars, may not have general feelings. Santiment suggests that this may be an ideal time for traders to consider profit.

Mines hold bitcoin reserves

Bitcoin miners seem to be confident of the future. According to Cryptoquant data, miners have not sold many Bitcoin recently. In fact, the number of MINERs is now 1.81 million BTC, which is worth about $ 159 billion.

Ali Martinez, an encryption analyst, confirmed in a comment on x There is no major sale activity It has been registered among miners over the past 24 hours. This behavior can be a sign that mining workers expect higher prices and prefer to stick to their profits at the present time.

The BTC market is currently at $ 1.75 trillion. table: Tradingvief.com

Institutional interest grows with ETF flows

Founding investors also play a major role in market momentum. On March 25, the investment funds circulated in the United States in the United States recorded a daily flow of $ 27 million. BlackrockOne of the largest asset management companies, which led the road at $ 42 million in flows on that day.

While some other boxes such as BitWise and Wisdomtree have seen $ 10 million and $ 5 million, respectively, the strong demand for Blackrock helped pushing the general trend to a positive direction. Net Blackrock assets in Bitcoin ETF spot Currently, it is slightly more than $ 50 billion, indicating that institutional investors still have a passion for bitcoin.

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Analysts expect a short -term decrease before gathering

Technical analysis indicates that Bitcoin may suffer from a temporary decrease before the next peak. In its 4 -hour scheme, Bitcoin has difficulty overcoming the trend of resistance, creating what experts indicate as the formation of a “double summit”. The pattern indicates the possibility of a decrease in the price of about $ 85,000.

Meanwhile, the most important support level is $ 86,146, according to the REERERATED level 61.80 % Vibonacci. If Bitcoin is able to stay above this level, analysts indicate that the price may refresh and move about $ 95,000.

Distinctive image from Gemini Imagen, the tradingvief chart

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