ZCrypto predicted that if Bitcoin, which currently exceeds $23,200 to $23,300, succeeds in breaking through $24,000, it will easily exceed the next resistance level of $25,000.
And it is predicted that if the bitcoin exceeds 25,000 dollars, 30,000 dollars come into view, it is possible to close next year at 100,000 dollars or even 200,000 dollars.
For this positive outlook, Zcrypto heard that this year’s inflow of institutional funds to the cryptocurrency market reached an all-time high. In particular, as some institutions have already started making profits, competition among institutions is accelerating in cryptocurrency investment.
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In other words, other institutions that have seen that major institutions such as Grayscale and Micro Strategy have achieved satisfactory results in cryptocurrency investment will be more concentrated in the cryptocurrency market next year, and their investment will also increase, adding strength to the market’s strength. It is expected that it will be.
Meanwhile, when some analysts are concerned about market saturation due to increased institutional investment, Zcrypto pointed out that it is not at the stage to worry about the saturation of the current cryptocurrency market.
This is because the possibility that the market will reach saturation is not high even if a large amount of institutional funds flows into the cryptocurrency market, which is still in the stage of market formation.
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