Category: Forex News

Bitcoin Price Targets 75k as Whales Invest $670M in 5-days

By Published On: March 5, 20240.7 min readViews: 2340 Comments on Bitcoin Price Targets 75k as Whales Invest $670M in 5-days

And if retail investors and other strategic stakeholders take a cue from the BTC whales buying trend, BTC price could soon make the much-anticipated another major leap above $70,000.

Bitcoin Price Forecast: Breaking above $70,00 0 Could Catalyze Bigger Gains

Bitcoin top holders acquiring $670 million worth of BTC over the last 5-days appears to be the major catalyst behind the latest price upswing above $68,000. If the buying trend persists as the week unfolds, BTCC bulls could target a move towards the $75,000 area. 

But first, BTC has to close the trading day above $69,000. In this scenario, the bulls must withstand the profit-taking wave from final cluster of 22,760  addresses that acquired 5.1 million BTC when prices last approached $70,000.

Breaking above that final resistance, could set the stage for BTC price to advance towards $75,000 retest as predicted. 


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