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Bitcoin Price Analysis: What's Next for BTC?

时间:2024-05-04|浏览:205

What happening to $BTC these times?

Yesterday it was lower than 58K and about 57K right now it is about 62K

What will happen next to #BTC ?

Most of bloggers are saying that it will go 100K now, before it let's just use analyzing please.

Even if we do it, anyways there will be volatile signs

So here are some factors:

1. Money inflow and Outflow

2. Influence of people

3. Cash amount

4. Volume

So let's start with money inflow and outflow, here are some factors like investments and whales leaving the market which move the BTC price down and up, Thus it depends on money inflow and outflow, (Right now inflow is higher than outflow)

Influence of people on sight which say to sell or buy bitcoin which still increase/decrease amount of inflow and outflow which affect indirectly to price but still factor is factor.

Next is about cash amount which is about amount of money in Bitcoin and market which has recently decreased but right now it is increasing despite those REKT.

Last but not least is about volume of trades which is still increasing.

My final conclusion is that BITCOIN will go up, up to 70K easily, then will start slow movement to 100k

$ETH $SOL

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