CandleFocus Bitcoin ‘Ready’ to Blow Above $68,000, Says Uphold Head of Research
2024-09-25
Author: Content Editor
The lead researcher at Uphold, Martin Hiesboeck, suggests that Bitcoin may surge close to the $70,000 level. Bitcoin started the week on a strong note, reaching almost $65,000 before facing resistance. Despite a brief dip, the crypto regained momentum and surged to near $64,800. Hiesboeck believes that Bitcoin could target $68,000 next, representing a 6.67% increase from its current price. Whale activity, with substantial withdrawals from Binance and large transactions, signals confidence in future price increases. Additionally, Bitcoin's price behavior mirrors recent movements in Gold and the S&P 500, suggesting a potential upward trajectory. Analysts believe that breaking the critical $70,000 level could reflect bullish patterns seen in other asset classes.
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