Will the Bitcoin price rise to $ 35 thousand?
Not only the price has risen sharply today. Bitcoin (BTC) trading volume has also increased by 17.45% in the past 24 hours to $25 billion. That the price increase is accompanied by a significant boost in trading volume is often a good sign and has led analysts to believe that BTC will soon reach the psychological $25,000 mark.
The well-known Dutch crypto analyst Michael van de Poppe even predicts that the Bitcoin price can rise to 35 thousand dollars within 2 to 4 months.
Crypto whales are also starting to buy
It’s not just the casual investor like you and me that’s starting to get bullish. There are reports that large crypto whales have also started buying huge numbers of BTC tokens. On-chain data shows that in the past 2 months there has been a 3% increase in the number of BTC whales who own 100 to 1000 BTC.
In conclusion: The performance of Bitcoin (BTC) since the beginning of the year has been excellent. The price even surged above the USD 23,000 level today. This positive sentiment among crypto investors is why some experts predict that the Bitcoin price could reach $35,000 in the near future.