Bitcoin Breaking $115,000 Could Trigger Strong Price Surge

The Bitcoin market (BTC) has just gone through a week of volatile trading, with profits and losses nearly balanced. According to data from CoinMarketCap, Bitcoin has formed a strong stable range in the price range from $95,000 to $98,000. However, crypto expert Burak Kesmeci believes that the key price levels of this currency are outside of this range, opening up the possibility of a breakthrough if market conditions are favorable. Important Milestone: 1.6 Golden Ratio Multiplier According to analysts, when Bitcoin reaches high levels, the 1.6 Golden Ratio Multiplier valuation tool becomes an important indicator in the (bull market) price uptrend. Currently, according to some sources, Bitcoin is valued at around $117,000 - this level indicates that if the world's largest cryptocurrency surpasses this threshold, it may pave the way for a parabolic rally. On the contrary, in the (Futures) futures market, if the price of Bitcoin closes below $94,000 weekly or daily, it could be a sign of strong selling pressure, leading to a rapid price decline. This shows the market's sensitivity to both important support and resistance levels. Supporting Factors and Risks In the current context, there are positive signals for the upward trend of Bitcoin prices: ETF Inflows and Corporate Interest: The increasing inflow of ETF funds along with the interest of major corporations in the cryptocurrency sector is contributing to strong buying pressure. Additionally, significant developments in the US crypto-friendly regulatory policies are expected to further boost the price surge. Macroeconomic Risks: However, negative factors from the global economic context cannot be ignored. High inflation levels in the US and the possibility of interest rate hikes by the Federal Reserve could create downward price pressure in the market, making investors more cautious in their decision-making. Entry Flow and Sell Signals According to IntoTheBlock analysis, the Bitcoin market has recently seen a flow of nearly $1.3 billion into exchanges, with a net inflow of about $1.04 billion. This sudden increase is often understood as a sign that investors are transferring assets from personal wallets to exchanges, preparing to sell - a signal that is often viewed as negative for the market. Currently, according to some updated reports, Bitcoin is still trading around $97,653 with a slight increase of 0.50% over the past 24 hours. However, the daily trading volume has decreased by about 12.80%, indicating caution among some investors towards short-term volatility. Nevertheless, with an estimated total market value of around $1.93 trillion, Bitcoin continues to maintain its position as the largest digital currency. Prospects And Future Scenarios Overall, the Bitcoin market is standing at the threshold of a crucial turning point. If this digital currency can surpass key resistance levels such as the 1.6 Golden Ratio Multiplier or even $115,000, we may witness a strong price surge, leading to a 'parabolic rally' trading style. Conversely, if selling pressure increases significantly and the closing price drops below $94,000 in the Futures market, Bitcoin may face a rapid price correction. In this context, investors need to closely monitor technical indicators as well as the dynamics of macroeconomic factors in order to make accurate decisions. The combination of positive support factors and potential risks creates a market full of opportunities but also equally challenging for participants.