Analysts Indicate Price Range of 82000−83000 for Bitcoin Growth

Bitcoin has the potential for growth, but buyer activity in the spot market is insufficient, according to analysts at CryptoQuant. To continue its upward trajectory, Bitcoin needs to overcome the price range of 82000−83000. Large investors continue to accumulate Bitcoin, while retail players predominantly sell the asset. Analysts note an increase in Bitcoin holdings in spot ETFs and heightened activity from large buyers at the current price level. The decline in spot demand is linked to actual purchases without the use of futures. The situation on the Binance exchange is positive, with Bitcoin reserves at 685000−687000 coins and an average net inflow of BTC around 593 coins per week. Inflows of stablecoins are also rising, indicating potential Bitcoin offerings for sale. CryptoQuant experts warn that if the negative trend in spot demand persists, it could lead to a short-term bearish trend in the market.

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