Bitcoin Price Surge: Supply & Demand Analysis
If we on this impulse if on this impulse which I think will last anywhere from 68 weeks um if this impulse brings us into the 1.272 or the 1.618 618 uh at 146 or 159 respectively. That’s going to indicate that there are not a lot of sellers. And given the fact that we have seen so much uh Bitcoin come off of exchange, given the fact that we are breaking on all-time highs with bare market volume, I’m going to go ahead and assume that the demand is is way higher than the available supply. The available sellers in the market are just becoming non-existent.
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We analyze Bitcoin’s potential price surge, focusing on supply and demand dynamics. Our analysis highlights the impact of reduced selling pressure and all-time highs on price extension. We discuss the 1.272 and 1.618 Fibonacci levels. #BitcoinAnalysis #CryptoMarket #BitcoinPrice #Cryptocurrency #Bitcoin #BTC #MarketAnalysis #CryptoInvesting #Trading #InvestmentStrategy
