Crypto investment analysis: BTC trading activity will increase in future, "EToro" stands positive !!!

Bitcoin, after closing at the end of last year, managed to record a 27% increase in the last 12 months.

Recent reports indicate that Bitcoin futures trading volume on the CME Group stock market has reached a yearly high, providing some limited hope on Bitcoin's lackluster performance over the past month.

This increase in futures trading activity is notable in the cryptocurrency market, as it may indicate the involvement of industry players in the industry. For investors, this increase in futures trading has important implications. This shows the strength and institutional investors are increasingly entering the Bitcoin market, seeking exposure to digital assets. In the absence of an expensive ETF, CME futures represent one of the easiest ways for companies to acquire Bitcoin.

The growing interest from institutional investors points to potential changes in the market. Bitcoin, after closing at the end of last year, managed to record a 27% increase in the last 12 months.

However, it is yet to regain the highest level reached in November 2021. As the news turns to inflation and interest rates continue to rise, companies can brace themselves for the possibility of a Bitcoin price crash.

Technical analysis and possibilities:

Technical analysis for BTC is standing on high volatility mode for running week, BTC is trading now at 29607. Last 24 hr. price range was stable between $28561-$30030 range.  Some how price was struggle to reach $30000 during through the long time. Last day it touch the milestone and immediately make pullback and stable at $29000 zone. Which is really not even good for bullish pattern, so for now immediate pullback is on high alarm. So the support level is $29000/$28500and resistance could be $31000/$31500.