In recent months, bitcoin has shown high volatility. The price has fluctuated from under $60,000 to nearly $110,000, then back down below $80,000. What scenarios are possible for BTC in the coming months?
Bulls vs. Bears
The battle between bulls and bears continues in the crypto market. Recently, it seemed that bulls were dominating. However, an analysis of current price bands shows two potential scenarios. In the bullish case, BTC could reach $94,000 resistance, possibly rising further to $112,000, making it larger than silver, Alphabet, and Amazon. On the bearish side, losing the $76,000 support could lead to drops to $58,000 or even $44,000, representing nearly a 50% decline from current levels.
Who Could Influence the Next Big Move?
Macroeconomic developments, such as inflation and interest rates, undoubtedly influence the crypto market. However, it is the investors holding the assets who ultimately have the final say. CryptoQuant's analysis shows that 78% of the realized capitalization is in the hands of whales and institutions.
Realized Capital and Large Holders
Analysis shows that large holders and institutions own a majority of the realized capital. This means that bitcoin rests in the hands of a few large players with substantial market power.
Forecasts for bitcoin include both optimistic and pessimistic scenarios. The upcoming period could be crucial for determining the future price trajectory of BTC.
