Bitcoin (BTC) continues to rise, supported by strong buying pressure in spot and futures markets, despite a margin liquidation of $170,000,000 (approximately 24.82 billion won). On the 19th, Bitcoin's price showed support at $102,000 (approximately 148.92 million won), later rising to $107,090 (approximately 156.36 million won) before suddenly dropping about $5,000 (approximately 7.3 million won). However, analysts suggest that this decline is not a weak signal that would limit the short-term peak.
The key indicators in the Bitcoin futures market continue to maintain a bullish trend, and notably, there seems to be little impact despite the weakness in stablecoin demand in China. This suggests that solid buying sentiment, rather than speculative capital inflows, is at the center of the cryptocurrency market. Experts are leaning towards the possibility that this rising market, formed under limited leverage utilization, will continue without being significantly affected by short-term volatility.
Market participants are sensitively reflecting political and macroeconomic variables, paying attention to Trump's pro-cryptocurrency stance. Recently, some investors have been spreading expectations that pro-market policies will create a favorable environment for the cryptocurrency market.
Ultimately, even if Bitcoin experiences a short-term correction, the upward momentum supported by core technical indicators and derivative indicators is still considered valid. Continuous capital inflows and low leverage utilization keep the possibility of challenging the all-time high open.
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