Friends, attention:

The price of Bitcoin has now reached 100,800 dollars, and on the daily chart, the seventh consecutive bullish candle has already formed.

Have you noticed that since we mentioned a week ago that Bitcoin would start a continuous bullish trend, many initially did not pay attention and there were even doubts?

But we emphasized a key point: this rise is being driven by institutions, not by small investors.

The most important difference between institutions and small investors is that rises driven by institutions are extremely stable and relatively slow. This is something we have observed over the last 15 years in indices like the Nasdaq. In contrast, movements driven by small investors tend to be quick, but with little sustainability.

On the daily chart of Bitcoin, because many small investors have not trusted or dared to enter the market, institutions have been able to continue pushing the price slowly but steadily.

Now that Bitcoin has surpassed 100,000 dollars, this psychological level has shifted from being a resistance to becoming a support.