Bitcoin 
$110,775.68The price seems to be preparing for a new summit towards the last quarter of the year. According to experts, the price of the price has slowed down, but the level of $ 150,000 will be seen with the prolongation of the cycle. The increasing interest of corporate investors and the decline in circulating supply strengthen this expectation. However, experts warn the risk of sudden correction that may be in the loop.
Copper Analysis shows that the search for a summit will continue
Analyst ECRAG CRYPTOA remarkable picture by comparing Bitcoin’s four large rise cycles with the performance of S&P 500 he took off. According to the resulting table, Bitcoin’s growth rate shrinks in each cycle, while the rise periods took longer. While the growth in the first cycle was 61 percent, it was 42 percent in the second cycle and 35 percent in the third. In the current cycle, there is a 27 percent growth expectation until December.
Ekrag Crypto noted that the slowdown in the growth rate pointed out the maturation of the market. According to the analyst growth rateThe slowdown in the rally means that the rally is not over. Calculations show that there is a decrease of 11.3 percent in an average growth in each cycle and a total decrease of 56 percent in total. Again price graph It reflects that the upward trend is preserved.
On the other hand, there are different views among experts. Cryptobirb93 percent of the bull run was completed and the summit expects to come in October or November. On the other hand, some analysts evaluate that the traditional four -year cycle has changed due to the institutional factor, this time it can go beyond expectations.
The decline in liquidity brought 150 thousand dollars to the agenda
According to Cryptoquant recently released, he shed light on interestingness in the liquidity balance in the stock exchanges. Yollan from this report and evaluated Arab Chain Analyst said that the BTC supply, which is kept out of the stock exchanges for long term, has risen to historical levels, and the ready BTC supply for trading decreased. The table weakens the sales side and creates upward pressure on the price.
Arab Chain underlined that the market is in a fragile bull run. He said that if corporate investors and large wallet holders hold their assets for a long time, the price may increase over $ 150,000. However, he added that sudden sales can create serious retreats in the narrow liquidity environment. In other words, the price in this scenario may fall to the range of $ 90,000-100,000.
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.
