Bitcoin

<p>Bitcoin might be on the verge of reaching new unprecedented heights. According to analyst Ali Martinez’s predictions, BTC’s price should soon test the symbolic threshold of $79,600, if it can maintain its current bullish momentum.</p>
<h2 id="h-a-major-bullish-signal-for-the-queen-of-cryptos">A major bullish signal for the queen of cryptos</h2>
<p>Defying bearish forecasts, Bitcoin has <a href="https://www.cointribune.com/bitcoin-a-70-000-un-trompe-loeil-avant-une-explosion-des-cours/" target="_blank" rel="noopener noreferrer nofollow">rallied</a> since the beginning of the year, catching many analysts off guard who were betting on a prolonged bearish trend.&nbsp;</p>
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<p>With a 15.29% increase last month, BTC now boasts a gain of 81.5% since January, largely outperforming other traditional asset classes.</p>
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<p>According to the <a href="https://blockchainreporter.net/bitcoin-btc-set-to-test-79600-as-it-holds-above-key-pricing-band/" target="_blank" rel="noopener noreferrer nofollow">analysis by Martinez</a> dated this Sunday, June 2, as Bitcoin trades around $66,800, if the crypto manages to stay firmly above this level, it could spark a new soaring rally to reach the highly coveted target of $79,600.</p>
<p>This $79,600 threshold would represent a new all-time high for Bitcoin, surpassing its previous peak of $73,700 reached in March 2024. Such a <a href="https://www.cointribune.com/en/bitcoin-is-heading-up-again-is-this-the-beginning-of-the-bull-run/" target="_blank" rel="noopener noreferrer nofollow">bullish scenario</a> would illustrate the market’s persistent strength despite global monetary tightening.</p>
<p>At the time of writing this article, Bitcoin is trading around $69,100, showing a respectable 2% increase over the last 24 hours.</p>
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<h2 id="h-technical-analysis-supporting-bitcoin-s-bullish-trend">Technical analysis supporting Bitcoin’s bullish trend&nbsp;</h2>
<p>On the technical indicators side, Bitcoin shows a clearly bullish bias. It trades above its 200-day moving averages, a sign of positive medium-term momentum.&nbsp;</p>
<p>Sustained trading volumes also indicate renewed investor appetite for the leading crypto.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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<p>In short, Ali Martinez’s analysis, combined with current market trends, highlights Bitcoin’s resilience and its still immense potential. All eyes are now on this <a href="https://www.cointribune.com/en/bitcoin-at-100000-analysts-shocking-bet-if-the-fed-cuts-rates/" target="_blank" rel="noopener noreferrer nofollow">symbolic threshold of $79,600 or more</a>, which the queen of cryptos seems well determined to conquer in the coming weeks.</p>

Bitcoin is getting ready to break a new record!

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