Believe in deposit! Institutions believe that BTC will definitely break 100,000 in the short term. How many more years will the Bull Market run?

After reaching a historical high of $99,531 last week, BTC is now retreating to the $95,000 level. However, analysts remain optimistic about the future market. According to a report released by Galaxy Research on Tuesday, the BTC bull market is far from over and is expected to rally again in the short term, challenging the $100,000 mark.

The Galaxy Research report pointed out that multiple Favourable Information factors are bringing strong support to BTC. First, the adoption of BTC by large institutions and enterprises continues to increase, driving market confidence; second, BTC is expected to become a reserve asset in the United States; in addition, the friendly attitude of the new US government towards Cryptocurrency will also bring policy dividends to the market.

Nevertheless, Galaxy research director Alex Thorn reminded that the rise of BTC is unlikely to be smooth sailing, even in a bull market, there will definitely be ups and downs. He cited as an example that the Biden administration may introduce the final stage of regulatory and enforcement measures before leaving office, which could potentially cause temporary market fluctuations.

Overall, Alex Thorn believes that the market pattern of BTC in the next two years is still ‘outstanding’ and ‘bullish’.

The report also mentioned that the market’s layout of BTC options shows a strong bullish sentiment, and the analysis pointed out that the debut of BTC ETF options will not only significantly increase market liquidity, but also have the potential to drop fluctuation risk, attract more large institutions to enter, and further drive the retail investor investment boom.

As of the time of writing, BTC rose 3.6% to $95,803, and in the early hours of yesterday (28th), it failed to hold steady at $97,000, and once dipped to $94,989 during the Asian morning session.

[Disclaimer] The market carries risks, and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, perspectives, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

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‘Faith deposit! Institutions firmly believe: BTC will definitely break 100,000 in the short term, will the Bull Market run for another few years?’ This article was first published in ‘encryption city’