empty
29.10.2021 12:37 PM
BTC market becomes unique and bullish due to institutional investors

Bitcoin completed its correction phase, recovering above $59,700-$61,000. Now the cryptocurrency is in the phase of price stabilization and accumulation of necessary volumes to start full-fledged growth. Meanwhile, big companies continue to buy BTC and as of October 29, whales own 49% of all traded bitcoins. The share of institutional investors in the market has grown significantly over the previous six months, making the asset more stable. In addition, the increase in large-cap investments has contributed to more fundamental changes in the entire bitcoin market.

According to cryptocurrency analyst Willie Woo, the current bullish bitcoin market may differ from the previous by performance and duration. The expert believes that the bitcoin price will rise for at least six months. Given relatively positive news, the rally could last for a year. Institutional investors, who launched an accumulation period at the end of last year, completely changed the disposition of the BTC market. Thanks to large investments, the cycles of growth and correction of the cryptocurrency have expanded significantly. This is due to an increase in the number of long-term players who are in no hurry to make transactions while waiting for the perfect moment. Woo believes that in addition to continuing the current bullish market, bitcoin's price may reach $100,000.

Analyzing the expert's point of view, it is possible to find common points of convergence. For example, the onchain analysis shows that, compared to previous periods of growth, coin migration has significantly decreased. This confirms the thesis that the market is becoming calmer and more balanced. Transaction volumes are also down 15% from winter to spring 2021, which also indicates a growing number of bulls holding their positions. It is likely that the process of stretching market cycles has indeed begun, but it is very likely that it will only gain momentum in the near future. This will be influenced by a new type of bitcoin investment, which began with the softening of the US policy on cryptocurrencies. The launch of bitcoin ETFs is the first step in the full-scale introduction of BTC into the state's economy. For example, large pension funds invested in the asset to protect their accounts from inflation. The US authorities are preparing a bitcoin plan for the country's banks, which is also a new stage of investment in the digital asset.

Considering all the above, we may expect more expansion of BTC growth and correction, as well as an increase in the number of institutional investors. Currently, we may observe the preconditions for the retail reduction. On the one hand, bitcoin may not be used by a large number of people, but on the other hand, it considerably decreases volatility. The drop of October 27 vividly demonstrates how the bitcoin market grew, because, with a sharp decrease in price by $6,000, there was no local sell-off. This indicates the maturity and long-term interests of the BTC traders.

Meanwhile, bitcoin continues to hover in a narrow range of $60,000-$63,500 with daily trading volumes around $48 billion. Bitcoin charts indicate the continuation of the stabilization period with a gradual decline to the lower boundary of the trading channel. The MACD indicator on the daily chart has formed a bearish cross and keeps going down. It is likely that the MACD indicator may break through the zero level, which will cancel a possible short-term upward momentum. The RSI is slowly declining towards 40, indicating an increase in the number of sales and a lack of strong buyers. The stochastic oscillator is about to form a bullish crossover, but most likely this pattern will be canceled. The price may continue to decline and if the bulls do not manage to stop the fall above $60,000, a retest of $57,000-$60,000 is likely to happen.

This image is no longer relevant

Bitcoin's onchain activity continues to remain at a high level, indicating that traders are ready to open long positions. The number of unique addresses of the BTC network remains at 1 million, which is a bullish signal and indicates a high level of activity. Transaction volumes are also at the level when the all-time high was set, and therefore we may expect the price to stabilize, after which the quotes will begin to recover. In general, the market is still bullish and the local period of fluctuations and correction does not influence the players as negatively as before, which brings a new bullish rally closer.

This image is no longer relevant

This image is no longer relevant

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Recomendaciones para operar en el mercado de criptomonedas el 17 de abril

El Bitcoin y el Ether cayeron bastante después de la intervención de ayer del presidente de la Reserva Federal, Jerome Powell, quien declaró que el regulador ya no planea reducir

Miroslaw Bawulski 07:50 2025-04-17 UTC+2

Recomendaciones para operar con el Bitcoin el 17 de abril según el sistema ICT.

El Bitcoin continúa su recuperación, pero el potencial de crecimiento está limitado por el FVG más cercano, que el precio no ha podido superar desde hace 5 días. Últimamente

Paolo Greco 07:50 2025-04-17 UTC+2

El Bitcoin regresó al nivel de $83 000

La caída de ayer del mercado bursátil estadounidense arrastró consigo al Bitcoin y al Ethereum. Los inversores, asustados por la perspectiva de una recesión en EE. UU. y la huida

Jakub Novak 10:31 2025-04-16 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 16 de abril

La presión sobre el mercado de criptomonedas regresó ayer justo después de que los traders e inversores volvieran a realizar ventas masivas de acciones en el mercado bursátil

Miroslaw Bawulski 10:31 2025-04-16 UTC+2

Análisis del par BTC/USD. El 15 de abril. El Bitcoin atrae a una trampa

El conteo de ondas del gráfico de 4 horas para el par BTC/USD es completamente claro. Después de completar una fase alcista compuesta por cinco ondas completas, comenzó la formación

Chin Zhao 08:06 2025-04-15 UTC+2

Recomendaciones para operar con el Bitcoin para el 15 de abril según el sistema ICT.

El Bitcoin se está recuperando, pero su potencial de crecimiento es limitado. Últimamente ha habido pocas noticias del mundo de las criptomonedas, y Donald Trump continúa imponiendo sanciones, aranceles

Paolo Greco 07:13 2025-04-15 UTC+2

Recomendaciones de trading en el mercado de criptomonedas para el 14 de abril

El Bitcoin y el Ether mostraron una estabilidad bastante buena durante el fin de semana, preservando las posibilidades de una mayor recuperación. Y aunque desde un punto de vista técnico

Miroslaw Bawulski 09:17 2025-04-14 UTC+2

El Bitcoin lo está haciendo relativamente bien. Ether lo está haciendo ligeramente peor

El Bitcoin y el Ether han estado en demanda durante los últimos días de negociación, manteniendo sus posibilidades de recuperarse de la venta masiva vista la semana pasada debido

Jakub Novak 08:41 2025-04-14 UTC+2

Análisis del par BTC/USD. El 10 de abril. El Bitcoin sigue equilibrándose

El conteo de ondas en el gráfico de 4 horas para el instrumento BTC/USD es completamente claro. Tras la finalización del tramo alcista de la tendencia, compuesto por cinco ondas

Chin Zhao 07:34 2025-04-10 UTC+2

Recomendaciones para operar con el Bitcoin para el 10 de abril según el sistema ICT.

El Bitcoin vuelve a recuperarse rápidamente y Donald Trump sigue agitando los mercados. Solo en el día de ayer se recibió tal cantidad de noticias sobre la Guerra Comercial Mundial

Paolo Greco 07:34 2025-04-10 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.