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Analysts Expect Continuation of the Rise for Bitcoin: Here are the Reasons! - Coin Bulletin
As Bitcoin (BTC) price surpasses the 97 thousand dollar level, analysts indicate that the rise could continue due to strong liquidity in the markets, increasing institutional investments, and the active trading in altcoin activities.
The recent holding of Bitcoin prices above 90 thousand dollars has strengthened positive expectations in the market. In the latest market note published by the cryptocurrency analysis firm Flowdesk, it was stated that, "Momentum is increasing in the crypto markets. Broad-based purchases in spot markets and altcoin volatility are leading to meaningful changes in the market structure."
According to Flowdesk analysts, Bitcoin staying above 90 thousand dollars is among the key factors that increase the risk appetite in the spot and derivatives markets. The firm also stated, "The liquidity strength in the market is being maintained. The increase in trading volumes, especially the trading activities that intensify on weekends and the deepening of the altcoin markets are noteworthy. In addition, the broad-based spot purchases led by speculative altcoins and artificial intelligence tokens, as well as the 1.5 billion dollar inflow from institutional investors into Bitcoin ETFs, are among the factors supporting the rise."
The cryptocurrency market is also focused on the large Bitcoin purchase planned by Strategy. According to a recent report by CoinDesk, Strategy's CEO Michael Saylor announced that the company will secure new funding for its $21 billion Bitcoin purchase. This move by Strategy is seen as a signal that institutionalization in the market will increase even further.
Additionally, the investment analysis company Presto Research also shared positive views about Strategy. In Presto's report, it was stated that "Investors are influenced by Strategy's increasingly sophisticated institutional framework and especially its success in accurately pricing fixed-income financial instruments with innovative valuation models like BTC Torque."
Experts indicate that in the upcoming period, the price of Bitcoin could reach higher levels due to the increasing interest from institutional investors and positive changes in market dynamics.