Kaiko Analytics: Factors That Led to Bitcoin Price Rising to $35,000 and Positive Outlook for the Future

Crypto data analysis platform #Kaiko provided

analysis on the factors that contributed to the recent rise in the price of #bitcoin to $35,000. She pointed to four important factors including volume, volatility, market depth and financing rates. A change in the market structure has been observed over the past six months, as Bitcoin’s price has been observed to rise despite slowing trading volume and reduced volatility. The market is expecting near-term volatility without strong triggers through December. The #SEC ’s exchange-traded Bitcoin fund news in January is expected to be one of the potential catalysts. Market leaders and experts predict that the price of Bitcoin will see positive developments in the future, with expectations reaching levels as high as $135,000 and up to $1 million by 2030. $BTC