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it is heavy? trie to carry this with you instead Bitcoin 😄😆
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🚀 Key Drivers of Demand Institutional Adoption and ETFs: The approval and success of spot Bitcoin Exchange-Traded Products (ETFs) in major jurisdictions (like the US) have opened a significant new channel for traditional institutional and retail investors. This is widely considered a major source of new demand. Limited Supply: Bitcoin's supply is hard-capped at 21 million coins, and the rate of new issuance is cut in half approximately every four years (an event known as the "Halving"). This scarcity is a fundamental driver of its value and demand, especially as the circulating supply approaches the limit. Macroeconomic Environment: Bitcoin is often viewed as a "risk-on" asset, meaning its demand can increase when investors anticipate a more relaxed monetary policy from central banks (like the US Federal Reserve) or when they seek exposure to assets that are not tied to traditional fiat currencies. Risk Appetite: A general shift in market sentiment from "risk-off" (seeking safe-haven assets) to "risk-on" (seeking higher-growth, volatile assets) fuels demand for Bitcoin. 📈 Other Influencing Factors Retail Interest: Growing activity and the number of active Bitcoin addresses suggest increasing participation from individual (retail) investors. Digital Gold/Inflation Hedge: Many view Bitcoin as a store of value or "digital gold," which can drive demand during times of economic uncertainty or fear of currency debasement. Regulatory Clarity: More favorable or clearer regulations—such as those enabling registered investment vehicles like ETFs—reduce uncertainty and increase confidence, boosting institutional demand. Market Structure Shifts: The movement of Bitcoin off exchanges into self-custody or into the hands of ETF custodians reduces the readily available supply for trading, which can intensify buying pressure.
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Based on recent market analysis, the $96,000 level has been identified as a significant technical point, often acting as a key resistance or a former support that has since been lost. Here's a breakdown of why this level is considered critical: Higher Time Frame Structural Shift (BOS): A decisive daily close above $96,000 is often seen as the necessary confirmation for a complete, higher-time-frame shift to a bullish trend structure. Clearing it signifies more than just a temporary bounce. Previous Support/Resistance Flip: Before recent dips, the $96,000 level may have functioned as a key support. Once a key support is broken and price falls below it, that same level often flips to become a strong resistance when the price attempts to move back up. Liquidity and Supply Area: There are likely dense clusters of sell orders (supply) between $93,000 and $96,000, and breaking through this area requires substantial buying pressure (demand). Target Expansion: Analysts suggest that once Bitcoin successfully reclaims and holds $96,000 on a daily closing basis, the immediate upward target area often expands toward the next major psychological and technical zones, such as $102,000 – $107,000.
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