Analyst Claims Bitcoin's Upcoming 'Major Bull Market' Will Be Fueled by Everyday Investors
Bitcoin's Bull Market Potential: Macro investor Jordi Visser believes Bitcoin is at the start of a major bull market driven by billions of new digital wallet users rather than institutional investors, highlighting a shift towards tokenization and digital settlement.
Market Dynamics and Sentiment: Visser argues that current market sentiment is misinterpreted, as Bitcoin continues to outperform the S&P 500 despite insider selling, and he views recent selling as a normal market rotation.
Demographic Shifts and Adoption: He notes that younger generations are adopting Bitcoin at higher rates than older generations, which will support long-term growth, and that AI could further accelerate this trend by making non-emotional investment decisions.
Price Predictions and Market Structure: Bitcoin is currently in a tightening price structure, with potential breakout targets between $97,000 and $116,000, while support levels remain around $86,800 to $87,000, indicating a cautious market awaiting a catalyst.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36104.318 | 48052.159 | 60374.338 | 72322.179 | 84644.358 | 96592.199 | 108914.378 |
| Fibonacci | 48052.159 | 57323.307 | 63051.031 | 72322.179 | 81593.327 | 87321.051 | 96592.199 |
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