Bitcoin has crossed the $100,000 mark, achieving a $2 trillion market capitalization and sparking renewed investor enthusiasm. Despite a minor pullback, Bitcoin remains a key player in global finance. Currently trading at $101,573, it has seen a 6% increase in 24 hours.
Market analysts, such as those from IntoTheBlock, highlight significant upward potential due to Bitcoin's capped supply and institutional interest. Yet, historical cycles suggest diminishing returns. Analysts predict conservative growth between 100%-200%, estimating a peak between $130,000 and $190,000.
Additional insights from CryptoQuant reveal a rise in Bitcoin purchases, especially in the US, indicated by the Coinbase Premium Index. This index reflects a price difference between Coinbase Pro and Binance, with sustained positive data suggesting active investor participation.
During "fear phases," strategic entry points arise, signaling potential market opportunities. Analysts recommend holding buying positions until Bitcoin reaches an "excess phase," securing profits to mitigate risks.
