#Bitcoin Bull Market Eyes $146K 🚀


Bitcoin's bull run shows no signs of slowing! Analysts predict a $146,000 price target, citing strong institutional demand and low retail participation.


🔹 Key Metrics Indicate Growth Potential:

Holdings by new investors remain at ~50%, far from overvaluation seen in 2017 (90%) and 2021 (80%).

Institutional players have added 130,000 BTC since October, while retail investors reduced holdings by 41,000 $BTC

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🔹 ETFs Drive Demand:

Record ETF inflows of 3.1B$ in November highlight institutional interest.


🔹 Challenges & Outlook:

After failing to break 100K$, Bitcoin corrected to $91K, with analysts predicting a possible 30% dip before hitting six figures.


Room to Grow: Valuation metrics like the P&L Index signal Bitcoin is far from overheated, leaving the door open for further gains.

#BTC Price Analysis# #Macro Insights#

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November 27, 2024 at 11:33 PM
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