[Analysis] "Bitcoin (BTC), Liquidity Recovery... Expectation to Reclaim $100,000"
Minseung Kang
Summary
- Bitcoin (BTC) is said to have the potential to reclaim $100,000 thanks to the improvement in liquidity in the cryptocurrency market.
- Bitcoin is steadily maintaining the range between $97,000 and $98,500, while the liquidity environment is continuously improving.
- Bitcoin's fundamentals are continuously strengthening, making it just a matter of time before it breaks through $100,000.
Bitcoin (BTC) is analyzed to have the potential to reclaim $100,000, thanks to the improvement in the liquidity of the cryptocurrency market.
On the 7th, 'Negentropic', the account of the Glassnode founder, stated on X (formerly Twitter) that "Bitcoin is steadily maintaining the range between $97,000 and $98,500, while the liquidity environment is continuously improving," and analyzed that "Bitcoin is preparing to reclaim $100,000."
He added, "Bitcoin's fundamentals are continuously strengthening, and breaking through $100,000 is just a matter of time."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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