Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-targets-75000-milestone-as-analysts-predict-upward-surge" rel="noopener noreferrer nofollow">Bitcoin Targets $75,000 Milestone as Analysts Predict Upward Surge</a><br></p>
<p style="text-align: justify">A notable crypto analyst, Jelle, has indicated that <a href="https://en.bitcoinhaber.net/bitcoin-etfs-propel-market-to-record-highs-as-major-players-boost-reserves" rel="noopener noreferrer nofollow">Bitcoin</a> might soon hit a high of $75,000, a target eagerly awaited by enthusiasts. Having recently reached an all-time peak, the digital currency experienced a loss in drive. Nonetheless, there’s a positive sentiment in the air, with proponents eyeing an end-of-week climb to this significant price point.</p>
<h2 id="recovering-from-a-market-dip">Recovering from a Market Dip</h2>
<p style="text-align: justify">Bitcoin recently endured a price correction, dipping nearly 18% and slumping below $61,000. Not one to stay down, the currency bounced back, revisiting the zenith of its prior rally. Just today, it soared past $71,500 on various key exchanges before retracting slightly below $69,000.</p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/bitcoin-shows-positive-signals-over-the-weekend-whats-next-for-2020" rel="noopener noreferrer nofollow">cryptocurrency</a> sector took a hit following <a href="https://en.bitcoinhaber.net/htx-aims-for-regulatory-compliance-with-hong-kong-license-application" rel="noopener noreferrer nofollow">Coinbase</a>‘s decision not to discard a lawsuit by the US Securities and Exchange Commission. Subsequently, the market observed a considerable volume of liquidation, with Coinglass reporting the loss of around $239 million in crypto assets within 24 hours.</p>
<h2 id="insights-from-crypto-analysts">Insights from Crypto Analysts</h2>
<p style="text-align: justify">The liquidated assets were predominantly long positions, valued at $166 million. Crypto expert Ali Martinez has pointed out that Bitcoin faces a critical resistance barrier ranging between $70,180 and $70,600. IntoTheBlock’s data reveals that about 291,000 Bitcoin holders who bought at an average of $70,223 are now seeing losses.</p>
<p style="text-align: justify">Glassnode’s analysis implies Bitcoin has hit a key level in terms of the unrealized profit in its supply. Furthermore, with the next Bitcoin halving only 21 days away, many investors anticipate a substantial price surge ahead of this pivotal event. Currently, Bitcoin’s trading value hovers around $68,690, teasing its previous record high of $69,000.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-targets-75000-milestone-as-analysts-predict-upward-surge" rel="noopener noreferrer nofollow">Bitcoin Targets $75,000 Milestone as Analysts Predict Upward Surge</a></h5>

Bitcoin Targets $75,000 Milestone as Analysts Predict Upward Surge

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