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Analyst: The buying behavior of market participants still has support, and Bitcoin still has room for rise.
Golden Finance reports that Cryptoquant analyst Axel Adler Jr has released a market analysis stating that, based on today's Bitcoin price of $117,000, it is currently in the growth range between the "investor price median" ($92,000) and the "market sentiment warning level" ($139,000). This indicates that the buying behavior of market participants still has support: as long as the price remains above their psychological comfort zone, they are willing to hold or add to their positions. At the same time, the market has not yet entered an overly optimistic phase, which means that Bitcoin still has room for rise without triggering serious overheating risks, with a target possibly reaching $139,000.