Kryptowährung: Bitcoin steigt auf mehr als 85.000 Dollar – Das sind die Ursachen und Perspektiven

Bitcoin's value skyrocketed above $85,000 within just four days, reaching a level not seen since January. Despite the broader cryptocurrency market experiencing a setback, various factors contributed to this surge. First, regulatory progress in the United States played a crucial role. Following the failure of the Clarity Act, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced their own steps to regulate cryptocurrency trading.

Both authorities aim to establish clearer rules for the trading of cryptocurrencies. The SEC allows certain trading platforms to digitally represent selected US stocks for five years, while the CFTC stated that certain apps and digital wallets can link users to regulated markets for buying or selling assets with expected price increases or declines.

This regulatory clarity, which the US Senate couldn't agree upon, has made the market view regulation as a guiding principle rather than a hindrance. Timo Emden, analyst at Captrader, noted that the market now perceives regulation as a roadmap to final sophistication. Second, falling oil prices helped Bitcoin. Oil prices dropped from their recent highs, with Brent crude costing around $101 per barrel for delivery in a month, down from temporary peaks of up to $110.

Energy prices influence interest rates, and Bitcoin often moves inversely to interest rates since it doesn't pay interest and is less attractive in a high-interest environment. James Butterfill, analyst at Coinshares, explained that the Iran conflict remains a central factor, as unresolved it could continue to create inflationary pressure.

Bitcoin benefits from lower oil prices. Third, institutional investors have become more interested in Bitcoin. This is evident in the inflows into US-regulated Bitcoin funds, which directly mirror price movements. On Thursday and Friday, nearly $600 million was added to these Bitcoin spot ETFs. ETF providers benefit from this inflow by purchasing Bitcoin themselves with the funds.

Lastly, short positions on falling prices have been liquidated, creating additional demand for Bitcoin. This development caught investors off guard, as those who bet against price increases were forced to adjust their selling positions. Analysts noted that when the price rises instead of falling, exchanges automatically close these short positions by purchasing Bitcoin or equivalent contracts, generating further demand and supporting the price.

Chart-wise, the situation for Bitcoin has become clearer with the recent rally. The important horizontal resistance zone at $80,822 was clearly surpassed, opening up short-term upward potential. The next price targets are now in the range of $90,000 to $91,000 and $94,000 to $97,000. However, Bitcoin must avoid falling back under its former resistance zone of $80,800 to $81,000 for this upward trend to continue.

If it does, the price could drop to around $76,000. Overall, the chart suggests a bullish short-term trend, despite the market having become quite heated.