Bitcoin looks forward to the highest new level ever? The difference in the rate of growth begins hopes for the equivalent increase
With the coded currency market continues to steal the spotlight in the financial sector, Bitcoin It increased significantly, reaching the highest level in three months of 104,916 dollars on Sunday, May 11. Renewed BTC movements are reflected in the main standards as these indicators have turned into a positive area, indicating the continuation of the march.
The main metropolit
The price of Bitcoin shows the strength as it moves near its highest level at all at a threshold of $ 109,000, which is about 5 % away from its restoration. Several main standards on the series began to flash a bullish signal that resembles the previous equivalent periods in the history of the BTC market.
Recently, standards such as Funding rates They moved to a positive area, which means that the main asset price is likely to increase in the short term. The latest scale indicates the continued upward performance of the BTC price is the difference in the growth rate.
Kyle Dooops, Market Expert and a group of Crypto Banter, specific Promising development in the BTC market dynamics due to a noticeable shift in the scale of bitcoin growth rate. This indicator, which indicates the current situation of the market, explains that BTC entered Another bull stage After hovering a little in the descending lands.
With the improvement of market morale and Bitcoin continues its upward path, this shift indicates that the bull stage indicates that the basis for a fixed height may be formed. During the previous scenarios, the BTC price witnessed a strong strong performance, indicating this The current assembly enhances.
According to the market expert, the maximum growth rate market is against. The maximum verified red to green is not just a noise. Instead, the positive step shows that “BTC may prepare for a big thing” in the remaining period of this continuous cycle.
Kyle Dooops referred to the main developments that show that the preparation is strong unless something is separated, such as a large number of investor property who return to the profit or a sense of positivity. In general, the expert is sure that the transformation can start The equivalent transition to the highest new level ever.
The presence of retailers remains low in the case of the current market
While Bitcoin is preparing for an equivalent step as shown in the growth rate scale, the morale between retail investors is relatively low. Darkfost, analyst and author of the series, I mentioned The retail investors are still even absent BTC It is now about 5 % now about its highest level ever.
The expert analysis on the series depends on retail transactions between $ 0 and $ 10,000. In the past, retail mutations occurred near the market peaks, which raised concerns about the time of resuming their enthusiasm. However, these investors often show little demand during corrections.
This current trend has also been observed between June and September 2024, Matthew Request for retail It was noticeably poor although the market provided attractive opportunities. Retailing demand may be low at the present time, but Darkfost indicated that these investors are likely to be delayed as usual, which indicates the lack of their general experience.
Distinctive photo of Pixabay, Chart from TradingView.com
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