Bitcoin Price Recovers Above $82,000 Amid Rising Investor Demand

Bitcoin's price has recovered above $82,000 after previously dropping below $75,000. This recovery is attributed to large investors increasing their holdings. Wallets containing 1,000 to 10,000 BTC are accumulating at a rate exceeding the 30-day average, indicating strong investor confidence.

Key Points

Bitcoin's market cap reached $1.58 trillion.
Bitcoin holds over 60% market dominance among cryptocurrencies.
Recent peak was $83,400 before a slight correction.
Analysts predict potential future prices of $130,000 and $250,000 based on historical trends.
Market bounceback shows resilience despite external pressures.

Analysts note that Bitcoin has remained stable above $80,000 amid US stock market volatility. The continued buying from large holders (whales) suggests expectations for further price increases in the coming months.