1M people purchase 671K Bitcoin (BTC) above $60k price, Now BTC heading toward $74k
Multiple factors showed that the trade price of Bitcoin is not going to stop here. The $74k may be the next resistance level of Bitcoin.
Recently popular crypto analyst Ali shared interesting information with his followers on behalf of IntoTheBlock data and noted that 1 million Bitcoin addresses purchased 671,000 BTC within the price range of $60,334 to $62,155 in the last 7 days.
This fact is very strong evidence that buy support for Bitcoin is very high and Bitcoin trade price is not going to stop here.
Another popular crypto analyst, Titan of Crypto, shared another major fact and noted that Bitcoin’s bull run is in its very initial phase and also in the present time people are not very active in searching about it across the internet world.
In this phase of market momentum, this crypto analyst believes that the trade price of Bitcoin may hit the $74k level because momentum is very strong.
Because of the pump in the trade price of Bitcoin rapidly, the majority of the mainstream media networks are mainly covering news related to Bitcoin & Bitcoin spot ETF products.
Popular Bitcoin hater Peter Schiff dragged attention toward the media platform that they’re mainly covering the news related to Bitcoin but they’re not talking about Gold ETF $GLD price, which surged $43.
Furthermore, Peter said that reporting about the Bitcoin spot ETF is only pushing people to think about Bitcoin, while they’re failing to understand the real thing which is Gold.
The current trade price of Bitcoin (BTC) is $61,868 & in this bull run it is expected that all the Artificial intelligence (AI) focussed crypto projects will gain a high level of momentum.
Read also: Hungarian government to allow Banks to provide Bitcoin investment services
