The price of Bitcoin (BTC) has not yet peaked, here is why?

The price of Bitcoin (BTC) has not yet peaked due to several psychological and market factors. Although the price has recorded growth to around 96,000 USD, it has struggled to surpass the 98,000 USD threshold. Many investors are concerned that accumulating below 100,000 USD could lead to downward pressure, while some data shows a rapid increase in the number of Bitcoins being transferred to exchanges, a signal that could indicate profit-taking.

In addition, the derivatives market remains in a positive state with confidence from both institutions and retail investors, but the enthusiasm has not reached extreme levels as in previous price surges. Strong participation from Bitcoin ETF funds and large institutions is also not enough to maintain prices at higher levels without an improvement in demand.

Finally, the global economic situation, inflationary pressures, and the cautious sentiment of individual investors may still affect Bitcoin's momentum in the near future, preventing the price from reaching the expected peak.