Bitcoin (BTC) has reached a new all-time high (ATH) in Realized Cap for the third consecutive week, signaling a strong bullish outlook for the leading digital currency. This achievement comes as the coin continues to show significant price gains, particularly in the past 24 hours.
Investor Confidence Fuels Bitcoin’s Surge
According to on-chain data platform CryptoQuant, this streak of new ATH in Realized Cap indicates growing investor confidence in Bitcoin. A rise in Realized Cap signals fresh capital inflows, with both long-term holders and short-term participants increasing their positions in the asset. This influx suggests that investors believe in Bitcoin’s recovery and are eager to reinvest, further supporting the bullish sentiment.
If this trend continues, Bitcoin could experience substantial price movements, potentially triggering the early stages of a new bull cycle. Sustained trading volume will be key in determining whether this momentum leads to a major rally.
Experts Eyeing Bitcoin’s Future Price Potential
At press time, Bitcoin was trading at $99,836, just under $200 away from breaking the psychological $100,000 price barrier. The cryptocurrency has seen a 3.03% increase over the last 24 hours, with trading volume surging by 60.84% to $54.04 billion during the same period.
Bullish predictions are mounting, with prominent figures in the financial world, such as Max Keiser, forecasting a 410% increase in Bitcoin’s value. If this projection holds, Bitcoin could soon be valued at $500,000.
As Bitcoin continues to show strong signs of growth, the coming days will be crucial in determining whether the current bullish trend marks the beginning of an astronomical move towards the half-million-dollar range.
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