Bitcoin bulls are keen to hit $70,000, but a selloff at this level could trigger a sharp downside in BTC and altcoins.
Bitcoin’s (BTC) rally above $66,500 cleared the final hurdle on its journey to $70,000. According to Farside Investors data, the move was accompanied by solid inflows of $555.9 million into United States spot Bitcoin exchange-traded funds on Oct. 14 and $371 million on Oct. 15.
After the latest rise, analysts have turned bullish on Bitcoin’s prospects of hitting a new all-time high in 2024. Independent analyst Bitcoindata21 is uber bullish and he anticipates Bitcoin to skyrocket to $233,000 as early as Q1 2025.
Crypto market data daily view. Source: Coin360
