A New Era in Cryptocurrency Markets: The Impact of the US Presidential Elections
As we follow as Kriptokoin.com, cryptocurrency markets gained significant momentum after the US presidential elections. The victory of pro-crypto candidates increased confidence in the sector and attracted the attention of investors. This situation led to significant increases in the prices of many crypto assets, especially Bitcoin (BTC). In the last 24 hours, the total cryptocurrency market cap increased by 2.2%, reaching $2.66 trillion. Bitcoin hit an all-time high of $76,243 in the Asian session and is currently trading at $75,386.
Long Term Goals for Bitcoin
Most cryptocurrency analysts think that Bitcoin’s current bull market has not peaked yet. Based on historical data, crypto analyst Ali Charts predicts that Bitcoin will reach a new peak within 8 to 12 months after surpassing its all-time high. Based on this data, the next peak is predicted to occur in the summer of 2025, that is, between July and November 2025.
Famous analyst Peter Brandt also makes a striking prediction for the leading crypto. Brandt believes Bitcoin will peak in the $130,000 to $150,000 range by summer 2025. These predictions are based on weekly and monthly Relative Strength Index (RSI) levels remaining above 70. This shows that Bitcoin is in a strong uptrend and offers great opportunities for investors. Bitwise CIO Matt Hougan states that this period will be the golden age of cryptocurrencies. Hougan believes that cryptocurrencies will grow further with greater market adoption.
Strong Trading Volumes and Open Positions
Bitcoin’s transaction volume and open positions have reached record levels in recent days. Open interest (OI) totaled $45.41 billion, a 13% increase since November 5. In particular, it is observed that there is a liquidation risk of $1.26 billion in short positions. This could create buying pressure that could push the Bitcoin price up.
On the other hand, Bitcoin’s Market Value to Realized Value (MVRV) ratio is currently at 2.16. This value shows that Bitcoin is not overvalued and there is still room for upside. Considering that the MVRV ratio reached 2.87 in March, it is considered that a potential upward trend may continue in the market.
Can the Market Maintain Its Momentum?
According to market experts, the current situation for Bitcoin and other crypto assets is quite promising. However, it should not be forgotten that volatility is high due to the nature of cryptocurrency markets. Investors need to act carefully and consciously. If market conditions continue like this, there is a high probability that we will witness Bitcoin’s next big rally. Therefore, it is important for investors to follow the market closely and determine their strategies accordingly.
- Monitor Market Trends: Investors should carefully monitor and analyze market trends.
- Risk Management: Every investment decision should be taken in line with risk management principles.
- Long-Term Strategies: It would be healthier to develop long-term strategies without getting caught up in short-term fluctuations.
Thus, you can gain a clearer perspective on the future of cryptocurrency markets and make informed investment decisions.
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