Bitcoin Demand Soars As BTC Reclaims $82K — Is $100K Within Reach?
Bitcoin's price rose above $82,000 after dipping below $75,000, driven by large investors purchasing the asset. Wallets holding between 1,000 and 10,000 Bitcoin are increasing at a rate surpassing the 30-day average, indicating growing confidence among significant holders. Bitcoin's market capitalization reached $1.58 trillion, maintaining over 60% dominance in the cryptocurrency market. The price peaked at $83,400 before settling above $80,000, reflecting market strength despite external pressures. Analysts predict potential price increases, with some suggesting Bitcoin could reach $130,000 based on historical gap patterns and others forecasting a target of $250,000. The cryptocurrency's resilience is evident as it remains stable above $80,000 amid stock market volatility, attracting investors seeking growth and value preservation.
