The biggest cryptocurrency Bitcoin (BTC) 
$71,218While , it rose to a level close to the historical peak, most of the investors made a profit. IntoTheBlockAccording to the data provided by Bitcoin, the price of Bitcoin exceeded 71 thousand dollars again, putting 99 percent of investors in a profitable position. Market analysts state that this indicates a significant increase in investor confidence. These levels were last seen in June, but Bitcoin could not rise further at that time.
99 Percent of Bitcoin Investors Are in Profit
The recent rise in Bitcoin’s price has created great enthusiasm among investors. Experts say this high rate of profitability reinforces investors’ belief that the market has upside potential. Although it is known that the price has shown a downward trend again in similar situations in the past, this time the opinion that the positive atmosphere in the market can continue prevails.
Investors are the biggest cryptocurrencyIt carefully monitors whether it will remain at these levels and whether it can reach higher levels. Maintaining the high majority of investors’ profit depends on the continuation of the rise. If investors do not see that the price will not rise, they may tend to sell, and this may result in profit taking, causing the price to fall.
A New Rising Wave in Bitcoin?
When Bitcoin crossed the $71,000 level again, investors asked, “Will it be different this time?” raised the question. Despite the same levels seen in June, the largest cryptocurrency has not been able to permanently exceed this price threshold. However, this time the market appears to be built on a stronger foundation.
The data indicates that the current state of the market is more positive than previous levels and Bitcoin has found strong support. Analysts have positive views that Bitcoin may test new peaks in the coming period, with the support of Donald Trump, who is leading the US presidential elections, and especially macroeconomic data.
for now Bitcoin marketcontinues to give positive signals with the developments in recent weeks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
