After experiencing significant market fluctuations, Bitcoin (BTC) is back in the spotlight. The world's largest cryptocurrency is facing major challenges, with various global economic factors and crypto market dynamics affecting its movements. The question now is: will Bitcoin rise and set a new record, or will it face a deeper correction?
Confusing Volatility
Bitcoin is currently trading around $97,000, after briefly dropping below the psychological $100,000 mark. In the past 24 hours, BTC has gained slightly by 1.05%, but remains under pressure due to hawkish statements from the US Federal Reserve that prompted a massive liquidation of $1.1 billion.
Trend Determining Factors
1. Impact of Global Monetary Policy
The US Federal Reserve’s recent statement on potential future interest rate hikes has affected crypto market sentiment. Investors are concerned about the impact of this policy on risky assets, including Bitcoin.
2. Massive Liquidation
Recent data shows that over $1 billion has been liquidated in the last 24 hours, indicating significant selling pressure in the market. This liquidation is one of the main factors behind the BTC price decline.
3. Whale Action and Accumulation
Amid market pressure, whales or large Bitcoin holders appear to be taking advantage of the price drop to accumulate more BTC. This activity could signal a recovery in the short to medium term.
Analysts' View: Optimism Amid Worries
Despite the current volatility being concerning, some analysts remain optimistic. They predict that Bitcoin could reach $200,000 by 2025, driven by increasing adoption and growing institutional demand. However, to achieve this goal, BTC needs to maintain the critical support level at $95,000 and break through the $100,000 resistance in the near future.
What is the next prediction?
Based on technical analysis, market signals are still neutral, with oscillator indicators and moving averages not yet providing a clear direction. However, the current support and resistance areas can be an important reference for investors to decide their steps.
Conclusion: Be Cautious, But Remain Optimistic
With the challenging market conditions, Bitcoin investors must remain vigilant. The influence of global monetary policy, whale activity, and massive liquidations are the main factors to watch.
However, amidst these challenges, there is always the potential for recovery. Whale accumulation and long-term optimism could be the driving force for Bitcoin to strengthen again. The question is, are you brave enough to survive this volatility, or do you choose to take a conservative approach?
Always do a thorough analysis before making an investment decision, and remember, the crypto world is a field that requires courage and wisdom. What is your view on Bitcoin right now? Let's discuss!
