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What conditions could lead to Bitcoin reaching a new record price? Analysts share their predictions.

Аналитики прогнозируют, при каких условиях цена Биткоина сможет установить новый рекорд.

The new record high for Bitcoin may soon be reached amid recent volatility. Data indicates that BTC is currently fluctuating around a critical price range between $97,500 and $99,800, where over 924,000 addresses previously acquired more than 1.19 million BTC.

In this context, renowned cryptocurrency analyst Ali Martinez referred to this area as a "brick wall" due to the significant amount of bitcoins accumulated at these levels.

“If BTC can break above this level, we could see new all-time highs in the near future,” he noted.

The data breakdown reveals that wallets holding approximately 583,460 BTC are currently profitable, making up 18.77% of the market. On the other hand, 2.52 million BTC, or 81.09%, are being held at higher levels in anticipation of a price recovery, while at least 4,400 BTC are at the breakeven point.