Bitcoin Targets $105,000-$115,000 Range Amid Bullish Sentiment

Bitcoin's market sentiment is currently experiencing a significant surge, with analysts predicting that the cryptocurrency could reach new highs within the next 30 to 45 days. This optimistic outlook is supported by a combination of high market sentiment and relatively low volatility, which has created a favorable environment for Bitcoin's price to rise. According to the analysts' forecast, Bitcoin is expected to target the $105,000 to $115,000 range within this timeframe. This prediction is based on the current market conditions, which include a mix of high sentiment and low volatility, making it an opportune moment for Bitcoin to retest new highs. The analysts' forecast suggests that the current market conditions are conducive to a significant price increase for Bitcoin, and investors are advised to keep a close eye on the market for any potential developments.
Chloe, a researcher from HTX, highlighted that the current crypto market is in a state of "euphoria with calm volatility." The options market is dominated by bulls, with a Call/Put open interest ratio of 1.55. The premium for call options continues to rise, while short-term implied volatility (IV) has dropped to 35–40%, marking a new low in nearly 18 months. Chloe believes that against this backdrop, Bitcoin may see another uptrend in the next 30–45 days, potentially breaking through the $105,000–115,000 range. However, one should be cautious of the potential risks brought by leverage accumulation. If volatility surges or BTC falls below the $100,000 mark, the market may face a deleveraging sell-off adjustment.
At the current stage, while controlling the overall position, some funds can be rotated into high-quality altcoins with solid fundamentals and strong liquidity to capture the overflow momentum from BTC's uptrend. Key areas to watch include the SUI ecosystem flagship project token and the AttentionFi track represented by Kaito. This strategy allows investors to diversify their portfolios and potentially benefit from the rising tide of Bitcoin's price increase. By carefully selecting altcoins with strong fundamentals, investors can mitigate risks and maximize returns in the current market environment.

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