Retail investor demand for Bitcoin has surged, surpassing levels seen in May 2020. This increase in demand from retail investors could potentially push Bitcoin's price to new highs, including surpassing the $100,000 mark. However, some analysts believe that the current spike in retail demand could signal a local top, and Bitcoin may consolidate before continuing its upward trend. Data also suggests that the trend around Bitcoin is bullish, with the coin's short-term realized price above its market value. Additionally, Bitcoin has formed a bullish chart pattern known as a bull flag, indicating the potential for higher values in the short term. If retail demand remains strong, Bitcoin's price could reach $100,274 or even rally above $110,000. However, if demand decreases, the price could decrease to $90,275.



Other News from Today