Bitcoin price is expected to stabilize due to investor activity
Experts currently assess the probability of the Bitcoin price falling below the $60,000 mark as very low. This was reported by Zamin.uz.
The primary reason for such confident forecasts is cited as the activity of long-term investors. According to analyses, investors in this category have increased their holdings to nearly 72 percent of the total supply.
Currently, more than 15 million bitcoins are accumulated in the hands of large holders, which serves as one of the most important factors ensuring price stability in the market. Technical analysis results also signal positive changes.
Specifically, the weekly relative strength index has retested a critical control point. Historical experience shows that after Bitcoin's indicators rise above this threshold, a long-term growth period usually begins.
In the past, this pattern was disrupted only in 2022 due to the crisis of one of the major exchanges. However, it is emphasized that the current market situation appears much more stable and positive.
According to industry analysts, the share of investors who have kept digital assets in their wallets for more than a year has reached a historical level. Such a situation was previously observed before the major rallies of 2013, 2016, and 2019.
Currently, the process in the market is not one of selling investments, but of actively accumulating them. This creates the groundwork for prices to rise further in the future due to a decrease in supply and an increase in demand.
On-chain data fully confirms this trend. The amount of long-term held bitcoins has reached the highest level in recent years, exceeding 15 million coins.
This constitutes a significant portion of the total coins in circulation. The shrinking volume of free assets available for sale is increasing stability in the market.
Although miners are providing a small amount of liquidity to exchanges, this is not expected to have a sharp negative impact on the market against the backdrop of overall positive indicators. On the contrary, the growing confidence of large investors further strengthens Bitcoin's position in the near future.
