Pentoshi, one of the analysts who foresee the previous rise and decrease movements in crypto money markets, Bitcoin this month $105,640.39(BTC) predicted that it could reach new record levels. Analyst, in his statements on the social media platform X, BTC’s current weekly graphs in the demand for demand is overcome the supply of demands by stating that a upward movement may continue.
Increased demand and market dynamics to Bitcoin
Pentoshi claimed that especially from the traditional financial sector, corporate companies showed “insatiable demand ve for Bitcoin and this situation contributed to the rise of prices. Stating that graphical data clearly demonstrate the imbalance between supply and demand, the analyst said that his followers could reach $ 120,000 in this month.
Analyst also invited market participants to be patient. Pentoshi emphasized that price movements may not always be fast in the short term and highlighted the importance of long -term thinking. Prices, despite the high amounts of funds entering the markets can be the scene of short -term fluctuations and investors should not be hasty.
Every day: ‘If BTC is flowing to BTC, why doesn’t the price rise?’ Brother, look at the graph from afar. It will reach the price, maybe not at the speed you want.
Bitcoin was traded at the level of 105,536 dollars at the moment the article was prepared. According to the analyst’s analysis, the strong demand and decreasing supply in the market may prepare the ground for new peaks in the near future.
New balloon concerns in the crypto industry
In his comprehensive assessment, Pentoshi also shared his views on a new “balloon” formation in the general crypto currency market. In particular, some crypto companies at high costs to realize their first public offering and the extraordinary increase in values in this process raises the risk of balloon, he said.
Following these comments, Sabitkoin Exporter Circle (CRCL) experienced a significant increase in shares on the first day of the public offering. Circle’s stock opening price of the stock is 69 dollars, while the public offering value is 31 dollars said. At the end of the week, the company’s shares rose to $ 107.70.
Apparently, all gains will be in crypto companies that offer public offering with high values. Deeper pockets, more liquidity, higher values… A new balloon is formed, and again it will pursue a balloon.
In this process, it was pointed out that there was a significant rise in the first public offering with the increasing liquidity of the markets. The analyst warned investors to be cautious against valuation and market dynamics.
Recently, strong upward movements observed in Bitcoin and crypto companies are considered by some experts and investors that they are on the verge of a new balloon. With the rapidly rising demand in the market, the sustainability and transparency of price movements is one of the main issues discussed in the sector’s agenda. When investing in crypto markets, it is important to carefully monitor market analyzes and take into account the risks.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
