More bitcoin gains during the weekend? Jupiter’s momentum says that

Bitcoin rose to a new record above $ 111,000 earlier this week, which represents a strong recovery from the lowest level of early April of $ 75,000.

This gathering reflects a renewed appetite for risks among investors, and analysts believe that the cryptocurrency can climb higher.

Buyers are in effect

When examining the perfect cumulative size Note Back to the “green” area, indicating that Taker’s purchase orders are again outperforming the sale orders.

This scale tracks the clear difference between buyers and aggressive sellers in the immediate market, and its recent signs of escalation that renewed benefits in purchase. Over the course of the past few months, the graph has been red, reflecting the dominant sale pressure that coincided with the withdrawal of prices.

However, the current transition means that buyers may prepare control, which may support the constant estimate of prices. While Bitcoin hovers near the highest new level ever, the continuous force in purchasing activity indicates that market participants do not get profits or decline. In fact, it seems that it enters.

This renewable demand at historically high prices can pave the way for the next station of the gathering, which can attract more capital in the market.

The benefit is the re -construction benefit

QCP Capital chanted similar feelings in its last market to updateThat revealed that the brief decline of Bitcoin has witnessed some investors holding gains through PUTS, but the demand for the upward trend has quickly resumed. There was a major sign of that, the aggressive purchase of holding 1,000 contracts in September in the 130K strike, which is an effective cost and a strategy for playing.

As the organizational climate in the United States continues in the United States, the institutional demand continues through the investment funds circulating in the investment funds circulating and immediate exposure, the structural status of Bitcoin remains strong, according to the commercial company. Moreover, the sale of the strategy of $ 2.1 billion of preferred stocks will be 10 % to finance BTC additional acquisitions as an incentive to achieve more gains.