Tag: 74K

Bitcoin Compressing Between Key Levels, Is $74K Or $91K Next?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. As Bitcoin (BTC) recovers from its five-month low, the cryptocurrency attempts to reclaim the $84,000 resistance. Some market watchers suggest that more volatility could be around the counter, as…

Buckle Up: Bitcoin Ride to $74K Could Start Any Minute

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Although Bitcoin has yet to reclaim its peak of over $73,000 from March, it achieved a 24-hour high of $70,188. This performance is part of a gradual increase, with Bitcoin rising 1.2% over the past week and 2% in the last 24 hours, bringing its current price to $69,211. Amid this price performance, the crypto has shown promising fluctuations that suggest a possible upswing in its market value, with developments in trading patterns and analyst forecasts painting a bullish future. Related Reading Breaking Resistance: BTC Eyes Major Breakout In the…

QCP Capital Sees Bitcoin Reclaiming $74K Highs

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QCP Capital, a prominent institutional-focused firm, has recently projected that Bitcoin could revisit its peak price levels, potentially reaching up to $74,000 shortly. This prediction follows the latest United States Consumer Price Index (CPI) data, which has significantly boosted risk assets. The firm noted that the positive surge in the market is partly due to the renewed buy-side demand, as evidenced by the buying patterns that resemble those of Exchange-Traded Fund (ETF) market makers. Related Reading Institutional Inflows And Market Indicators Point To A Bitcoin Bullish Trend In a detailed…

Bitcoin Eyes $74K as BTC ETFs See Record $1B in Net Inflows

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“The intraday nature of the move is reminiscent of the behavior of large institutional traders, with trading algorithms intercepting the move and retail traders often joining in,” Alex Kuptsikevich, a senior market analyst at FxPro, said in an email to CoinDesk. “Either way, the overall trend remains bullish, and bitcoin is back towards its highs as we head into early European trading.” Original