The price of Bitcoin moved 12% last week, consistent with the steady demand for Premier Cryptocurrency. The optimistic feelings are still high, depending on the market expectation of the rise as the price rises as the price goes back on the last day.
Bitcoin optimistic flags benefit more
Following Bitcoin’s recent prices, X Market Analyst Titan of Crypto has a clear bull flag on a four -hour chart, which suggests a strong potential of continuous price rally.
The Bull Flag Pattern, which continues to signal, consists of a “flagpole” when the BTC price is moved from $ 83,000 to $ 94,700 between April 20 and April 23. After that, the lower slopes, parallel trends follow the integrated period resembling the flag. This range was considered to be moved between $ 91,800 and $ 94,700 between April 23-24.
The flag is generally a priority over the failure of the new highs if the momentum of the strongest is maintained. In particular, Bitcoin has escaped the integration of flags on April 25th. However, the molding of the bull flag often reflects the size of the initial surge of the flagpole. As a result, BTC has now climbed to a $ 103,000 mark and completed the full expression of the Bull Flag pattern.
After withdrawing the price on Friday, Bitcoin appears to be trading between $ 94,600 -$ 95,504, which seems to be a mini integration stage. If market bulls can maintain their current demand, BTC is expected to resume its rally. However, due to the weak market appetite, BTC can return to $ 92,000 more.
95% of BTC owners
In other development, INTOTHEBLOCK, an analytical company, gained profits as Bitcoin’s impressive price surge rose 95%of market investors to more than $ 95,000. Most of the market demand has the highest inflow since January, due to the Bitcoin Spot ETF market.
According to SOSOVALUE’s data, Bitcoin ETFS has attracted $ 330 billion in inflow per share. The maximum amount recorded by 2025 is a strong demand that can increase basic demand due to this development.
The value of the BTC in the press time is $ 94,359 after an increase of 0.97% last day. Meanwhile, the daily trading volume of assets increased by 10.02% and $ 3.55 billion. Bitcoin continues to remain the largest digital asset, which accounts for 63.4%of the market.
Istock’s main image, TradingView chart
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