Bitcoin Pricing Sample indicates an increase of $ 145,000

The price of Bitcoin remained in a narrow range in May 4, but current demand and supply dynamics indicates an eventual increase in the new all the time.

Bitcoin (Btc) He traded on a $ 104,000, only 5.25% below his all the time of $ 109,300. It’s almost almost 40% of the lowest point in April.

The coins continue to see great demand, mostly from institutional investors. Socimal data show that this places of Bitcoin ETFS added over $ 1.95 billion this year, bringing the overall inflow from founding to $ 41 billion.

Companies also continue their accumulation. The strategy spent $ 1.34 billion Getting Bitcoin Last week, bringing its total farms at almost $ 60 billion. His market cap now has increased over $ 115 billion.

Semler Scientific now holds 3,808 bitcoin valued to 387 million dollars, while mooring and accumulating – bringing overall farms to twenty 36,312 Coins. More companies are likely to continue shopping Bitcoin after the success of the testimony strategy.

Meanwhile, Bitcoin offers does not grow so fast, with mining difficulty and hash rates at Highs Highs. His exchange offer fell for six-year-old low, continuing the trend that began in 2021. years. This dynamic is likely to help support the BitCoin’s price in the long run.

In addition, analysts have upgraded their stock forecasts accompanying A truce between US and China. Goldman Sachs expects to slow down the S & P 500 index at 6,500, because its recession cables lowered 45% to 35%. Such a move would probably use Bitcoin and other Altcoys due to their correlation with capital.

Technical price analysis for Bitcoin

The daily shows that Bitcoin gradually forms a pattern of glasses and handles, with the upper border to $ 108,200. The C & H sample is a popular Silan signal in technical analysis.

This particular form has a depth of about 33%. The measurement of the same distance from the top of the cup suggests a potential set to $ 145,000. Outlook will be confirmed after BTC price breaks above the upper boundary of the cup.

On the side, the fall below the 100-day moving average to $ 91,340 would not undo the Bikovskoum look.