Bitcoin (BTC) has shown signs of life recently, with a surge in buying activity pushing the price above $60,000. This has some analysts eyeing a potential climb to $74,000, the resistance level it faced in November 2021. However, the road to $74,000-$76,000 could be bumpy, and experts remain divided on whether this is a true bull run or a temporary upswing.
According to IntoTheBlock data, over 1 million addresses acquired nearly 700,000 BTC in the past week within the $60,334 to $62,155 price range. This significant buying pressure indicates strong support at this level.
According to IntoTheBlock data, over 1 million addresses acquired nearly 700,000 BTC in the past week within the $60,334 to $62,155 price range. This significant buying pressure indicates strong support at this level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.