A discussion of the current is the same everywhere, in every publication, but also the most famous, that of the us and on social networks. Can Bitcoin reach 100,000 dollars right now, which is a step away from the present historical moment? And when you arrive there, you have to wait for a correction to be strong?
The CEO of a Bitget, a stock of the most important kriptovalutave in the world, Gracy Chen, he spoke on the topic, taking into account the various factors, from the they are the psychosocial and to the information most useful to the market, to tell their opinion of it.
The situation of Bitcoin at this stage is very, very special: on one hand, the proximity of one the eve of the history of a dream so far, and, on the other hand, the interest on the part of the institutions. As the fear grows in the middle of some of the companies, the reading of the analysis, Gracy Chen may help to understand what is really at stake in front of a target, the historic.
Bitcoin, the top of the cloud, and the “fears” of 100,000 dollars
It is a moment that we have always dreamed about to face, and finally, it's here. However, it has been accompanied also by a change in the potential is huge because it was the history of the 100,000 euro to Bitcoin only.
Where does it come from the increase?
It's still all up in the minority, on the contrary, the push is done from the institucionalët, suddenly fell in love with Bitcoin. Grace Chen says:
The key to the rapid growth of the BTC is still the institutional involvement. We have seen the introduction of a large net, the BTC ETF this week. By Wednesday of this week, BTC ETF-have made access to the net, one of the 1.8 billion dollars. MicroStrategy he 51,000 BTC in the past week, with a cost of 88,617 of dollars each, and this week they announced plans to raise 2.6 billion dollars to continue to purchase BTC. Companies are well-known mine is planning to carry 850 million dollars of the bonds of faith and credit, to purchase BTC. The strength of massive buying of the funds and the traditional has caused the price of BTC to rise rapidly.
It is clear that the motive of the growth of the great – along with the theme for the campaign – it is in the best interest of the world's environment.
The CEO of a Bitget says:
Another important factor is the interest of open contracts BTC, which has increased by 63 billion u.s. dollars, an increase the day of 6 billion dollars, bringing in a significant amount of money in the market. The instability of the meaning of BTC (IV) has been increased to 60%, indicating a higher probability of the fluctuations of the biggest market in the near future. Capital in the short-term attempts to block the sales, which will lead to large fluctuations of the price of around 100,000 usd.
In a situation in which it is both a source of fear, for those of you who do not believe as they should be, and for all those who add to it, maybe they live too short.
Therefore, we believe that if BTC breaks above the 100,000 dollars would have a high probability of a drawdown. However, the introduction of the fund's long-term, institutional, and suggest that the price of BTC is far from the point, so that the increase of over 100,000 usd, and the movement of a further increase it's only a matter of time.
Some additional information
There are even more that are coming out of the markets: the depth of the market, all the Bitcoin is at the highest level all the time. That means that there is a liquid more concentrated, as shown in the chart published by Kaiko.
The Order book, which is that of an asset already a lot of very important. For a moment, and the key that could lead to the maturation of the inevitability of the market is still quite immature, especially after that and downs.
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