Why can bitcoin break 100 thousand dollars soon?

The price of Bitcoin has remained less than $ 100,000 since the beginning of February. Currently traded at $ 96,920, and the leading cryptocurrency has noticed a 7 % decrease in the past week.

However, recent total economic developments indicate that this trend may be reflected soon.

RRP decrease in Fed may lead

The opposite purchase agreement of the Federal Reserve (RRP) or the opposite Ribo fans has reached its lowest level in 1,387 days, indicating a possible shift in the direction of the flow of liquidity.

The US Federal Reserve is used to manage short -term liquidity in the financial system. It allows financial institutions – such as market funds and banks – to deposit excess money with the federal reserve overnight.

In contrast, the Federal Reserve provides these institutions. This helps the regulator control the short -term interest rates and manage the money traded in the financial system. The Federal Reserve devised this method to absorb excess liquidity when there is a lot of money on the market.

When the RRP balance decreases like this, traditional financial service providers are transmitted from the FBI’s use of excess liquidity. This means that they may put their money in other more dangerous assets such as cryptocurrencies.

This may lead to high prices with an increase in demand for encrypted parts due to the availability of more cash in the system. With the flow of more liquidity to the market, Bitcoin will benefit as institutional investors and merchants seek a valuable alternative stores.

Bitcoin Traders remain firm

Bitcoin traders She remained firm in their budget towards the currency despite the last opposite winds. For example, the likely feelings of BTC are positive at the time of the press, indicating that the market remains optimistic about the recovery of prices in the short term.

The likely feelings of the origins measure their positive or negative bias in general, given that both social media and the feeling expressed in these signs. When it is positive, it is a bullish sign, as investors are increasingly optimistic about the expectations of assets close to assets.

Moreover, the BTC financing rate through its derivative markets is also positive, which supports this upward view. At the time of the press, this is 0.0088 %.

The financing rate is a periodic payment between traders in Futures Markets, especially for permanent contracts, to ensure the necklace price alignment with the basic asset price. When it is positive, traders pay long jobs (buy) short positions (sale). This indicates more demand for long positions and suggests the morale of the upward market.

Predic Prediction: A break above $ 100,000 can lead to a break

A possible increase in Liquidity In the encryption market it means more capital for traders and investors to increase their BTC holdings.

If the currency sees a recovery in demand due to this, its price may be broken from the decisive resistance of $ 100,000 and try to reconsider its highest level at $ 109356.

On the other hand, if the purchase activity weakens more, Bitcoin price Its decrease can extend and decrease to 92325 dollars.