Bitcoin Breaks Critical Peak: Price Has Significant Upside Potential! - Coin Bulletin

Bitcoin, (BTC) is reaching a new peak in the third week of its rise, showing that investor confidence is increasing and it has significant price rise potential.

According to the CryptoQuant analyst, Bitcoin has been reaching new peaks in terms of realized market cap (Realized Cap) for the last three weeks, and this situation indicates increasing confidence among investors and a potential price rise expectation.

Recently, investor interest has led to a rapid increase in Bitcoin's realized market value. This metric represents the total value of all coins of Bitcoin in circulation based on their last transaction price. As of today, Bitcoin's realized market value has reached an all-time high of 890.742 billion dollars, setting a new record.

This increase particularly shows that long-term and short-term investors are continuing to accumulate Bitcoin and that they have gained more confidence as the market shows signs of recovery. Investors sustainably increasing their Bitcoin holdings potentially indicates that the price could enter a significant rise.

The record achieved in Bitcoin's realized market value is seen as an indicator not only of the increasing amount of investment but also of the long-term confidence in Bitcoin. The tendencies of long-term and short-term investors to accumulate suggest that Bitcoin has a solid foundation and that conditions are beginning to form for a significant price explosion in the market. This situation may be a precursor to Bitcoin entering a potential bull cycle.

According to CryptoQuant analyst, the current rise of Bitcoin may just be a beginning. If accumulation among investors continues to accelerate, this could mean that Bitcoin has significant potential to show a substantial rise in the short term.