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- Bitcoin’s rising realized price indicates continued bullish momentum, driven by institutional demand and higher prices.
- The rising realized price signals Bitcoin’s uptrend, with market participants still buying at increasing levels.
- Bitcoin targets $124K and $146K, with bullish technical analysis supporting future growth as the realized price rises.
Bitcoin’s realized price, a determinant of market direction, keeps moving upwards, and thus establishing a bullish trend in the market. CryptoQuant reports that realized price is the average price that BTC had last been shifted. This increasing trend implies that the cryptocurrency market is in a good shape, with increased interest by institutions and increased demand for BTC at higher prices.
Source: X
Institutional Investment Drives Growth
The realized price usually declines in market bearish trends, which indicates the onset of downtrend or price collapse. But, the present scenario is not the same. The realized price has been rising gradually, indicating that there are still market participants who are buying Bitcoin at still higher levels. This is an obvious indication that BTC is still within its trend of going up and that its trend remains intact.
One of the significant factors behind the rise in the realized price will be the increasing involvement of the institutional investors. giants like Strategy are using the spot ETFs in purchasing BTC. The investments are resulting in a massive flow of capital into the market hence further driving the achieved price up. As more institutions are expected to join the market, the price of BTC is likely to continue with its bullish trend.
Bullish Outlook for Bitcoin
In a recent X post, Rose Premium Signals also gave a technical view of BTC . According to the analysis, Bitcoin should stay above the $90K – $93K support range so as to keep the overall market structure bullish. This level of support has been a good foundation for BTC and has seen it continue to rise. The analyst highlighted that the BTC might aim at testings of two important Fibonacci based extension levels. $124K and $146K.
Source: X
Such price targets are consider as a natural continuation for Bitcoin’s development. The $124K and the $146K levels are major price action levels in Bitcoin’s price performance. Experts expect the targets to be in recent sight if Bitcoin can maintain above the critical support levels. The fact that the RP rises and the technical setup is bullish adds to the notion that Bitcoin will go up still further.
The fact that the realized price of Bitcoin increases implies that the cryptocurrency is in an accelerated uptrend. As lon as the price range maintain there is hope and institutional demand that keep the market pumping, that future of Bitcoin looks promising. Analysts are keenly monitoring in order to wait for Bitcoin to hit its next major targets before it climbs up at $124K and $146K as the next most important resistance point.
