CandleFocus

Bitcoin Soars to $73K: Can BTC Hit a New ATH of $82.3K?

Bitcoin (BTC) has surged to $73,072, approaching new highs after bouncing from a critical support level. Current projections suggest the cryptocurrency could reach $82,336, driven by institutional demand and strong on-chain signals. The futures Open Interest for BTC has reached an all-time high, indicating an influx of fresh capital into the market. The long-to-short ratio also reflects a bullish bias among traders. However, the daily RSI is in overbought territory, suggesting a potential pullback. If BTC continues to soar, it could challenge its all-time high, but a close below $67,640 could trigger a retracement.

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