According to the data shared by OKLink; Since the beginning of the year, the number of wallets has increased by almost 20%. The metric marks a bullish outlook for Bitcoin, and investors expect BTC to rise in value despite the drop after its all-time high of $68k. Over the past few days, Bitcoin continues to trade below the key $60,000 mark as the entire market has been volatile.

In particular, the number of Bitcoin wallets with zero balance in 2021 continues to increase. However, the likelihood of the leading cryptocurrency Bitcoin continuing to rise looks strong, and the drop in price provides investors with an opportunity to buy BTC.

Interestingly, even though Bitcoin dropped as low as $56,000, the largest cryptocurrency managed to keep its market cap above $1 trillion. It was also seen that more users created wallets and invested in BTC.

The increase in wallets can also be attributed to various other features of Bitcoin (BTC) in recent days. For example, last month the United States regulatory authority, the Securities and Exchange Commission, stated that there is no preparation to heavily regulate the crypto sector. Additionally, BTC is increasingly being adopted by institutions that see BTC as a store of value, as well as being a legal tender in El Salvador.

Overall, crypto analysts seem stable in their bullish outlook forecast targeting the $100,000 mark for Bitcoin. As previously reported by Finbold, Bloomberg Intelligence chief commodity strategist Mike McGlone predicts that the leading cryptocurrency will rise in 2022 and states that it may face resistance at the $100,000 price level, with $50,000 forming the support level.

The research report by Finbold shows that between January 1 and November 21, 2021, an average of 1.77 million Bitcoin-related pages were published monthly online, a potential driver for the popularity of the leading cryptocurrency.