Analysts name the factors that will influence bitcoin’s growth to $ 93,000

Cryptocurrency market analysts believe that bitcoin can reach $ 93,000 under certain conditions. The main factors are the preservation of key support levels and strong macroeconomic indicators.

Experts point to the importance of support at $ 50,521-$ 50,901 and $ 46,216-$ 46,930. If these levels are not broken, BTC $65,672.97 Bitcoin -0.28% Market capitalization $1.3 trillion VOL. 24 hours $0.6 billion may first reach the previous high of $ 70,000-$ 72,000 and then target $ 93,000. The current bitcoin rate is hovering around $ 54,500, and many analysts believe that the asset has already passed the worst stages of the downturn. However, experts also warn of high market volatility. This is especially true for those who trade with leverage. To reach new heights, bitcoin is expected to maintain stable support and avoid strong corrections.

General market sentiment and macroeconomic factors play a significant role in the future movement of bitcoin. If the global economy demonstrates stable growth, it will help strengthen bitcoin. At the same time, the actions of central banks, in particular the US Federal Reserve, may affect further movements in the cryptocurrency market.

Experts also draw attention to institutional investors, whose activity is growing significantly. They believe that the interest of large financial companies in cryptocurrencies can add stability to the market and support further growth. The inflow of institutional money, such as hedge funds and pension funds, could be an additional impetus for reaching new price levels.