Bitcoin (BTC) may soar to $155,000, but the price must remain above this level Bitcoin has been pretty resilient lately, and experts even predict that it could soar to $155,400! Although it sounds a bit crazy, there seems to be some news in the market. Cryptocurrency analyst Ali Martinez said that according to the Pi Cycle Top metric, the price of Bitcoin may hit a new high of $155,400, but there is a prerequisite that the price of Bitcoin must remain above $91,400. At the same time, Bitcoin’s current cumulative trend score is close to 1, which shows that long-term holders are confident in Bitcoin and their oversight activities are also strong. Analyst Ali believes that if Bitcoin can stabilize the price of $91,400, Bitcoin may continue to rise. Nearly 100 new entities holding more than 1,000 bitcoins have joined the Bitcoin network since the end of January. With the addition of these institutional holders, coupled with the surge in "miss-phobia" (FOMO) among retail investors, it may indicate a turning point in the market. According to NYDIG's weekly report, as global investors increasingly distrust traditional financial and banking systems, Bitcoin, as a non-sovereign store of value, is attracting renewed attention. While this shift is still in the “trial phase,” Bitcoin has begun to show its original vision of providing resilience amid uncertainty. The report also noted that Bitcoin’s performance has undergone “subtle changes” over the past few weeks, which no longer acts like leveraged U.S. stocks but more similar to the means of store of value for non-sovereign issuances. This shows that Bitcoin’s decoupling from traditional risk assets continues, and although it is still in its early stages, this trend is becoming increasingly obvious. Overall, Bitcoin’s position in the market seems to be gradually consolidating. Investor confidence is getting stronger, which may be a positive signal for future gains. Do you think Bitcoin can break through $155,000? Do you think Bitcoin has stabilized this time? Leave your opinions in the comment section! #Bitcoin #Cryptocurrency #Investment #Market News
BTC
-1.42%
PI
-5.92%
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