Will Bitcoin (BTC) Continue to Rise? Analysis Firm Answered!

US presidential candidate Donald TrumpWhile the upward momentum continues in cryptocurrency markets following the assassination attempt on Bitcoin It reached $63,000.

Alright Will the upward momentum in BTC continue? According to Martixport analysts, the answer is “Yes.”

Matrixport analysts Whales think that this rise will continue for a longer time as institutional and retail investors start buying BTC again.

At this point, analysts said that after the Donald Trump assassination attempt, the Bitcoin price gained great momentum, closing the week above $ 60,000 and rising above $ 63,000 with the support of spot and derivative purchases.

Analysts stated that these purchasing movements will continue and that this situation BTCHe believes that the stock market will become less dependent on macroeconomic events and expects the rally to continue, driven by factors such as strong ETF inflows and falling US inflation.

“Spot Bitcoin ETF inflows finished the week (Friday) with $310 million in inflows, the highest in over a month.

ETF flows are closely tied to inflation data, but ETF inflows are likely to continue given last week’s weaker-than-expected CPI data.

In particular, initial institutional buying appetite driven by high arbitrage opportunities has shifted to retail investors who are less sensitive to stop-loss.

The shift from institutional to individual investors could sustain buying activity in Bitcoin for a longer period of time and make it less dependent on macroeconomic data.

This ultimately shows that the rise will continue for a while.”

Popular analyst Rekt Capital In his analysis on July 15, he stated that the bullish consensus in Bitcoin has ended, saying that Bitcoin has finally broken above its 1.5-month downtrend. At this point, the analyst added that BTC is ready to start a new set of price movements above $65,000.

*This is not investment advice.