Analyst: Market Participants’ Buying Activity Remains Supportive, Bitcoin Still Has Room to Rise
According to a report by Jinse Finance, Cryptoquant analyst Axel Adler Jr has released a market analysis stating that, based on today’s Bitcoin price of $117,000, the market is currently in a growth range between the “median investor price” ($92,000) and the “market sentiment warning level” ($139,000). This indicates that buying activity among market participants remains supported: as long as the price stays above their psychological comfort zone, they are willing to hold or increase their positions. At the same time, the market has not yet entered an overly optimistic phase, which means Bitcoin still has room to rise without triggering significant overheating risks, with a potential target of $139,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Anthropic (ANT.US) targets IPO at trillion-dollar valuation; venture capitalists warn it may signal the peak of the AI market
Venture capitalist Selby warns that Anthropic’s trillion-dollar valuation IPO could signal the peak of the AI market, and the expiration of the lock-up period may trigger a chain reaction of corrections.
Wall Street's "Great Rotation" Underway: AI Trading Fades, Tech Stocks Out of Favor, Capital Flows Shift to Defensive Sectors
Analysts point out that as investors shift their bets from high-risk technology sectors to defensive stocks, the market is currently in a "state of alert".
Barrick Gold (ABGC.US) applies for U.S. IPO, aiming to raise up to 6 billion dollars
American Barrick Gold has submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC).
Crypto prices
More
