There is a constant institutional investment that is injecting capital to Bitcoin.
In general, projections remain bitcoin in 2025.
Since the price of Bitcoin (BTC) reached $ 105,000 (USD) last Monday – his highest point in more than two months – has been lateralizing in a lower range. It has been maintained since the USD 104,000 and USD 100,000.
This may be generating fear among those who expect it to exceed its historical maximum of USD 109,000, registered in January. However, for now There are no solid reasons to think that Bitcoin’s upward cycle has come to an end.
A signal that supports this perspective is the behavior of the price made, which represents the average cost that market participants bought Bitcoin. It is calculated by dividing the capitalization made – that is, the total value of the BTC in circulation depending on the price at which they moved for the last time – for the total number of currencies.
Bitcoin’s price is going up after showing a break during the price correction he experienced from its historical maximum until a month ago when he began to recover. This indicates that More and more participants are buying bitcoin at higher priceswhich reflects a capital entrance flow.
“The continuous increase in the price made is evidence that Bitcoin remains in an upward trend within its current cycle,” said The South Korean analyst known as Crypto Dan. In particular, it emphasizes that this is due to the active role of companies that are acquiring BTC Spot such as Strategy or through instruments such as ETFs, which drives the average purchase quotation upwards.
Another on-chain indicator that reflects optimism for the market is the metric called «Taker Buy/Sell ratio«, Which measures the predominance of the purchase and sale orders initiated in the futures market. This indicator shows a bullish feeling in values greater than 1 and bassist when it is below such a figure.
Currently, the Taker Buy/Sell ratio It is located in 1.02, a historically relevant level that has anticipated strong increases in the past. The same had been observed during the minimums between USD 15,000 and USD 20,000 at the end of the crypto winter in 2022, and during the rupture of the USD 30,000 in October 2023.
This point in the metric historically revealed strong flows of purchase orders, which They preceded significant ascending movements in the price of Bitcoin. Such pattern is repeating now, with the price of BTC approaching its historical maximum and the indicator leaving a long phase of sale pressure, as seen in the next graph.
“We are facing a scenario where buyers’ appetite could continue to drive BTC towards new maximums,” commented On this metric the Brazilian analyst and trader known as Gaah.
However, he clarified that This same level has sometimes coincided with reversion zones or strong volatilitymarking both the beginning and the end of a bullish trend. Therefore, consider continuing to observe how the market serves.
“Bitcoin opened the door to climb to USD 176,000”
According to the analyst Joe Albano, director of the Tech Cache investment group, “Bitcoin has opened the door to rush to historical maximums.” This bases on the analysis of Elliott’s wave theory and Fibonacci levels.
Elliott’s wave theory is a technical analysis tool that states that the markets move in cycles composed of five impulsive waves (three upward interrupted by two down) followed by three corrective (two down between one upwards). This also points out that, within each of these movements, the same wave dynamics are given on smaller scales.
According to Albano, the correction of BTC from its historical maximum to the USD 76,000 a month ago represented the fourth wave of the Alcista cycle that Bitcoin has and the formation since then of five impulsive microwaves represented the beginning of the fifth large -scale wave.
This fifth wave, which It would be the last part of Bitcoin’s current Alcista cycle, “He would send us to a bearish market during the next year, two or maybe, before things calm down and the idea of another upward market infiltrates,” says the analyst.
Based on this, he anticipates a corrective setback of three microwaves that could take Bitcoin to around USD 88,000, according to Fibonacci levels, which measure typical percentages of setbacks and increases.
“The real trigger to take a long position will be the concretion of this movement followed by five impulsive waves that could take the price of BTC to about USD 160,000,” says Albano. Then there would be a fourth corrective wave that It would give rise to the fifth and final impulsive wave that ends the upward market with a maximum around USD 176,000according to Fibonacci levels, estimates, as shown in the following graph.
Then, “Bitcoin is an important actor with great potential in the coming months for a rebound,” concludes the specialist.
Although, of course, Elliott wave analysis and Fibonacci levels do not guarantee that the projected scenario is fulfilled. In addition, it is not automatic calculations, but an interpretation of analysts of the use of these tools, so it can vary according to who performs it.
Bitcoin’s institutional accumulation increases
In the midst of this technical context, Bitcoin’s institutional adoption continues to grow. Several companies are incorporating BTC into their reservations as a strategic asset.
Although Strategy, which was previously called Microstrategy, continues to lead this trend being the company quoted with more bitcoin in the world, other companies are following their example, as cryptoics reported.
This week, the Twenty One Capital Investment Company advertisement The purchase of 4,812 BTC, raising its balance to a total of 6,796 BTC, gradually approaching its goal of reaching 10,000 BTC before it ends 2025.
Also The Smarter Web Company, which is quoted in the United Kingdom, reported which added 8.61 BTC to his treasury. This was his third purchase in just 15 days, which reinforces his commitment to accumulate assets in the asset for 10 years. At the moment, it has a total of 19.20 BTC.
Big Bitcoin small purchases that companies strengthen the expectations that could continue to rise in pricefor a matter of supply and demand, since Bitcoin has a fixed supply. The emission of the currency, which is reduced by half every four years by halving, will end when it reaches a supply of 21 million units.
Inflation in the US
The macroeconomic scenario also provides positive signals for Bitcoin. This week It was known that Inflation in the United States dropped for the third consecutive monthreaching 2.3% year -on -year (as seen below), which promotes optimism in financial markets.
This improvement It occurs in parallel to the reduction of tensions by the war of tariffs to the imports unleashed by President Donald Trump. The pause of these measures, together with the advances in international negotiations and the first signed agreements, have helped US actions and cryptocurrencies gain impulse during the last month.
To this are added the expectations of interest rate cuts in the United States during the year, which could increase the liquidity available to enter the markets.
With this scenario, the combination of on-chain signals, technical indicators, cycle analysis and growing institutional accumulation They reinforce the hypothesis of a market still in the upward phase for Bitcoin. However, changes in dynamics or macroeconomic environment could stop the impulse, so it is always key to consider its risks.
