π Analysts speculate that while Bitcoin's short-term trajectory may continue upward, growth could moderate soon due to approaching extreme levels of unrealized profit margins. According to CryptoQuant, Bitcoinβs realized price is currently around $42,700.
π Despite short-term projections, long-term investors remain optimistic. They anticipate rising demand, driven by new US ETFs, and a supply decrease post-Aprilβs halving event to propel Bitcoin to new heights.
π The cryptocurrency market receives a boost from the stock market, notably the tech-centric Nasdaq Composite, which hit an all-time high on Friday, the last major index to achieve a record close this year.