According to analysts, the 30-day change in retail investor demand has reached its highest point in years, indicating renewed interest from small investors in Bitcoin. This recovery comes as long-term holders gradually realize profits, suggesting a shift in market sentiment.
According to analysts, the 30-day change in retail investor demand has reached its highest point in years, indicating renewed interest from small investors in Bitcoin. This recovery comes as long-term holders gradually realize profits, suggesting a shift in market sentiment.
Now more likely than ever $100?
The increasing participation of retail investors is often a double-edged sword. On one hand, it reflects a rise in engagement and optimism, which can drive demand higher. On the other hand, historical trends suggest that an increase in retail activity often coincides with local market tops.
Darkfost emphasized that Bitcoin seems to be entering a consolidation phase, with prices fluctuating between key resistance and support levels. As momentum slows, this stage of consolidation may lead to a temporary decline in retail demand.
However, the analyst also stated that breaking the psychological barrier of $100,000 could reignite interest from retail investors and potentially trigger a euphoric phase in the market. Historically, this euphoric phase is characterized by sharp price increases driven by inflows from both retail and institutional capital.
Darfost wrote:
At this stage, it is crucial to monitor the interaction between retail and institutional activity, as strong retail participation often indicates enhanced market optimism, while institutional interest lays the groundwork for sustained momentum.
Bitcoin market performance
After a slight fluctuation or no fluctuation in recent days, Bitcoin now seems to be gradually recovering its price. At the time of writing, Bitcoin has risen 1.4% in the past day, and the current trading price is $95,713.
BTC price is moving upwards on the 2-hour chart. Source: BTC/USDT on TradingView.com
This has caused BTC to drop about 3.9% from its all-time high of $99,645 set in November. Additionally, as of today, this price mark brings BTC's market capitalization to $1.89 trillion, with a 24-hour trading volume of $83.5 billion.
Despite BTC's price movements being so slow, analysts remain very optimistic about Bitcoin. For example, renowned cryptocurrency analyst Captain Faibik recently revealed in an article on X that Bitcoin is still expected to rebound.
Marking a symmetrical triangle formation on BTC's daily chart, analysts have set a target for BTC above $105,000.
