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Bitcoin could see accelerated growth if it surpasses the $72,000 mark, as there is a lack of significant selling resistance up to $82,000, according to analysts from the crypto platform Bitfinex.
They estimate that the $72,000–$82,000 range may serve as a zone for rapid price movement. Despite market volatility, Bitcoin has managed to remain above the $69,000 level, indicating a degree of resilience for the asset.
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The current performance of the leading cryptocurrency appears more stable compared to the S&P 500 index, which may suggest a decreasing correlation between the crypto market and traditional financial instruments.
Future price movements will be influenced by macroeconomic and political developments. If the current momentum is maintained, the market could enter a growth phase, which analysts believe could extend until the end of the second quarter.
Additional support for Bitcoin may come from sustained interest from institutional investors and limited selling pressure near current levels.
Earlier, managing partner of SkyBridge Capital, Anthony Scaramucci, stated that Bitcoin could return to growth in the fourth quarter.
