Analysts Set $200,000 Bitcoin Price Target, But When?
Bitcoin's short-term momentum is very slow following the October 10 stock split. However, the long-term structural demand of the wool information platform remains strong.
In the report published on Friday, he cautioned against looking at the current market as “the final chart of the season. A strong research, Tiger Research, estimates that the fourth quarter will hit $200,000 in the fourth quarter.
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Dolphin Hill – a key indicator of structural interest
Cryptoquestnes analysts say that the coming weeks will be critical, the number of blocks. The current market is not from the end of the “late turning maturity stage”, but “late catching maturity”.
The analysis focuses on <የዶልፊን> Group > 100 to 1,000 BTC in the wallet. This group includes ETFs, corporations, and large shareholders.
Dolphin Cortor currently has the largest supply of Bitcoin, approximately 516 million bits, or 26% of the total supply. Historically, changes in the dolphin's coot holdings have been the most consistent indicator of Bitcoin's price performance.
Stock drives the cycle
In the year By 2025, the only group to increase the total balance will be more than 681,000 BTC. It was the only group to add. On the contrary, the other five cohoses became less in their containers.
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The positive annual growth rate of dolphin assets indicates that the bull cycle is far from over. Current annual turnover, 9.07 million BTC from 707 million BTC.
Near-term challenges and price goals
However, he warned that he has an understanding. In the year On October 10, the bullish cycle weakens the immediate level of short-term anesthesia and seeks a new level that calls for control of the unexpected $126,000 past. To resume and organize, the amount of monthly savings should be accelerated again.
Cryptoquits warned that $100,000 as an urgent short-term resistance and $100,000 as an urgent support level, $100,000 below $100,000 could trigger caution.
Optimistic expectations of institutional supporters
Meanwhile, on the same day, he compiled his own short-term outlook, presenting the same front forecast. They provided evidence of the October 10 and subsequent liquidations from the retail-driven model to the institutional market.
In contrast to the decline of the period -2021, the adjustment of selling load among retail investors was limited. Institutional investors continued to buy after the correction of institutional investors, and at the current level of consolidation, further institutional input in the bull market can lead to a healthy continuation of the continued continuation of the red market.
The Federal Reserve rate cut is expected to be a strong repeat for the fourth-quarter rally.
