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<p>The post <a href="https://coinpedia.org/news/bitcoin-btc-price-can-hit-77k-in-coming-week-if-this-happens/">Bitcoin (BTC) Price Can Hit $77K In Coming Week If This Happens</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin (BTC) price slipped 3.5 percent in the past 24 hours to trade around $69,453 on Wednesday during the early Asian session. The flagship coin is retesting the support range between $69,200 and $69,500 to revisit its all-time high (ATH) above $73k. Moreover, <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin</a> successfully broke out of the resistance level at around $67,200 earlier this week, thus suggesting that the bulls are in control.&nbsp;</p> 
<p>However, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price</a> must consistently close above $73k in the coming weeks to invalidate a possible double top, backed by a bearish divergence on the Relative Strength Index (RSI).&nbsp;</p> 
<h2 class="wp-block-heading" id="h-bitcoin-whale-investors-are-unwavering-nbsp">Bitcoin Whale Investors are Unwavering&nbsp;</h2> 
<p>Cash inflows have dramatically increased following the recent approval of spot Bitcoin exchange-traded funds (ETFs) in the United States and Hong Kong. Moreover, investors are assured of enhanced liquidity and secure Bitcoin trading platforms.&nbsp;</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> holders are increasingly inclined to hold rather than sell. This suggests Bitcoin is now viewed more as a store of wealth than a trading asset. <a href="https://t.co/E94enq4R4g">pic.twitter.com/E94enq4R4g</a></p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1793049358868291999?ref_src=twsrc%5Etfw">May 21, 2024</a>
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<p>According to on-chain data, Bitcoin holders are increasingly inclined to hold rather than sell their assets. Furthermore, more investors view Bitcoin as a store of value than a trading instrument.</p> 
<h2 class="wp-block-heading" id="h-midterm-targets">Midterm Targets</h2> 
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   <p lang="en" dir="ltr">The TD Sequential has accurately predicted <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> price action on the one-hour chart. Now, it presents a buy signal, anticipating <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> will rebound! <a href="https://t.co/6ImRkREPVW">pic.twitter.com/6ImRkREPVW</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1793037426132238609?ref_src=twsrc%5Etfw">May 21, 2024</a>
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<p>According to the TD Sequential indicator on the 1-hour time frame, Bitcoin’s price will soon rebound towards ATH. Moreover, Bitcoin price established a robust support level above $66k, where more than 530k coins were transacted.</p> 
<p>The next major target for Bitcoin is around $73,885, which coincides with the four-hour 2.618 Fibonacci Extension.&nbsp;</p> 
<p>A consistent close above $74k will pump Bitcoin price towards $77k, which coincides with the four-hour 3.618 Fibonacci Extension.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/price-analysis/bitcoin-losing-strength-why-bulls-are-falling-short-of-strength-amid-positive-market-sentiments/">Bitcoin Losing Strength: Why Bulls Are Falling Short of Strength Amid Positive Market Sentiments?</a></p>

Bitcoin (BTC) Price Can Hit $77K In Coming Week If This Happens

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