WHY BITCOIN IS GOING UP?

Bitcoin's recent surge is driven by a combination of factors. Market sentiment is predominantly bullish, with 88% of technical indicators signaling a continued upward trend.

The Fear & Greed Index is displaying a score of 83, indicating "Extreme Greed".

Over the last 30 days, Bitcoin has experienced 17 "green days," representing a 57% increase, accompanied by 12.01% price volatility. This growth can be attributed to:

Increased Adoption: Growing recognition and acceptance of Bitcoin as a legitimate asset class.

Technical Indicators: Favorable moving averages and relative strength index (RSI) levels.

Market Sentiment: Bullish sentiment and increased investor confidence.

Looking ahead, experts predict Bitcoin's value will continue to rise, with a potential increase of 6.91% by November 22, 2024, reaching $100,935. For the long-term outlook, some predictions suggest Bitcoin could hit $500,000 by 2030 .$BTC