The price of Bitcoin seems to

The price of Bitcoin was a point of anxiety, as some experts believe that its recent movements are “made”. Trading between 92,400 dollars and 106,500 dollars since mid -December 2024, the cryptocurrency has been largely in the range despite the large institutional flows. Samson Mo, CEO of Jan3, discussion This problem during a committee on the consensus of Hong Kong, stating that Bitcoin prices “do not seem normal at all.” And note that the currency will remain fixed and then remain fixed, and often move sideways. MoW suggested that the narrow range in which Bitcoin trading can indicate a kind of price repression.

Despite the recession, there is still optimism about the future of Bitcoin in the long run. MWW pointed out that Bitcoin’s height exceeds $ 100,000 can be the beginning of a huge wave of institutional adoption, which may last from 10 to 20 years. He explained that the previous bull runs were silent due to accumulated exchanges. However, with the introduction of the circulating investment funds, Mww confirmed that there are no longer barriers in front of the traditional financing capital that flows into Bitcoin. However, the entire capital flow has not yet been achieved, with only institutions currently “dipping her toes” in the market.

The slow movement procedure is more confused given that institutional buyers, such as Michael Silor’s strategy, are constantly accumulating the Bitcoin. MOW noted that although retail buyer is the cost of the dollar and the purchase of Bitcoin regularly, there is still pressure pressures. He said: “If the price of bitcoin is not moving despite the institutions and retail buyers that accumulate BTC, then someone must sell.” He also explained that while the market faced structural sellers due to bankruptcy and restructuring last year, this period has ended significantly.

FTX payment also contributes to the pressure pressure. When the company begins to pay creditors, it does this at the price of Bitcoin from November 2022 when it was about $ 20,000. This can lead to more sale with creditors trying to benefit from their gains. MOW mentioned that the FTX bitcoin sales, which were made at much lower prices, can explain the absence of an upward movement.

Bitcoin’s price reached its highest level at $ 109,000 after Donald Trump’s inauguration, but soon returned to its previous scope. This movement, along with a great absorption of Bitcoin by institutional buyers, left some analysts to grate their heads. In two months before October 2024, 1.1 million Bitcoin was absorbed, at a value of about $ 110 billion at current prices. Nevertheless, the bitcoin price remained restricted within a narrow range.

In addition to these developments, the broader cryptocurrency market faces losses. Bitcoin recently fell to less than 95,000 dollars, which is its lowest price in weeks. Other currencies such as Solana, XRP and Dogoin have worked. Despite these fluctuations, some analysts expect that bitcoin can exceed $ 160,000 to $ 180,000 in the near future.