![Bitcoin is predicted to continue to rise](https://www.bit4me.info/wp-content/uploads/2023/05/bitcoin-duoc-du-doan-van-se-tiep-tuc-tang.jpg)
At the end of last week, the Bitcoin price crossed the $31.1k level. After recording a slow weekend, the price of BTC continues to hover around the psychological $30,000 mark. At the time of writing, the bears and the bulls are still taking control of the market.
![bitcoin price chart](https://www.bit4me.info/wp-content/uploads/2023/05/bieu-do-bitcoin-gia.png)
For now, the market continues to exhibit ‘greed’. In the first hours of the second trading session, Bitcoin’s fear and greed index showed a reading of 69. On the one hand, greed requires the market to correct. On the other hand, some analysts believe that Bitcoin’s latest $30k feat is just the beginning of what is expected to develop into a full-fledged bull run in the medium term.
Bitcoin Profitable Day
Regardless of the short-term perspective, it is interesting to note that out of Bitcoin’s 4,620 days of existence, BTC holders have been in a profitable position for about 4,122 days, which is analyzed data from Blockchain. .com.
“Bitcoin investors have enjoyed 89.22% of profitable days to date compared to current prices,” according to Blockchain.com.
As described below, only 501 or 10.84% of the total days are unprofitable for long-term BTC holders. There was only one long period of no profit, illustrated in red on the chart below.
![bitcoin profit rate](https://www.bit4me.info/wp-content/uploads/2023/05/ty-le-loi-nhuan-bitcoin.png)
It is interesting to note that the rate of return of Bitcoin addresses is also trending up. Data from Glassnode reveals that the return rate of Bitcoin addresses has just hit a 1-year high of 75.57%. Besides, the trend of accumulating more Bitcoin also seems to be going strong. The number of addresses that own more than 0.1 BTC hit a new all-time high of 4,308,379 today, shedding light on the unbounded sentiment of investors.