Bitcoin is showing growth, approaching the level of all-time highs. Analysts share their predictions and analysis of current market conditions.
Resistance at $115k
Experts report that Bitcoin has faced key resistance at the $115,000 level. Despite attempts to break through this threshold, the cryptocurrency remains below it. Analyst Michaël van de Poppe emphasizes that the recent day was successful, but Bitcoin was unable to surpass this resistance.
Bitcoin's Market Behavior
The market is witnessing contrasting behaviors among participants – panic selling is met with unwavering demand. Meanwhile, the activity of Bitcoin accumulative wallets has noticeably increased, indicating a potential long-term confidence among investors. "They only buy, they never sell," notes analyst Merlijn The Trader.
Analysts' Forecasts
Merlijn The Trader claims that Bitcoin is following a 5-step process that has historically led to all-time highs. He suggests that the current market situation resembles previous growth cycles, anticipating a possible finale with striking records.
Bitcoin displays mixed signals in the market; however, analysts maintain optimism about its continued growth if it can break the $115k level.
