A top crypto analyst suggests a potential upsurge in Bitcoin (BTC) price based on the increasing stakes of long-term holders, aligning with the fundamental laws of supply and demand.
Analysts examine supply and demand to understand Bitcoin pricing in the ever-evolving cryptocurrency markets, emphasizing its fundamental role in price determination.
Ali Martinez employs supply and demand concepts to analyze Bitcoin's pricing. Price increases with demand outweighing supply while it decreases when supply exceeds demand. Martinez's study showed that Bitcoin's movement, such as the retreat after reaching $73,000, reflects this dynamic. Indicators suggest potential for price rise when demand surpasses available supply.
Analysts believe it may take more than two months for the market effects of the bitcoin halving to become apparent, due to changes in supply and demand dynamics.