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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-approaches-70000-milestone" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Approaches $70,000 Milestone</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/exploring-the-surge-in-bitcoins-value-following-hong-kongs-etf-introduction" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>, the leading cryptocurrency, is experiencing a significant upward movement, aiming for the $70,000 threshold. Altcoins are also beginning to recover from recent losses. The market’s direction is expected to become clearer once the three-year median interest rate forecasts for cryptocurrencies are priced in.</p>
<h2 id="bitcoin-s-journey-what-to-expect">Bitcoin’s Journey: What to Expect?</h2>
<p style="text-align: justify">On June 7, Bitcoin experienced a sharp decline from $72,000, largely due to <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">economic indicators</a> such as an unexpected rise in wage growth and Non-Farm Payrolls surpassing expectations by nearly 100,000. Despite these setbacks, the Federal Reserve is not expected to overemphasize these minor economic hiccups.</p>
<p style="text-align: justify">The Federal Reserve is not anticipated to cut interest rates in June, with the first potential reduction likely in September. However, with inflation <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> forthcoming, investors are expected to proceed with caution over the next few days.</p>
<h2 id="how-are-bulls-holding-the-line">How Are Bulls Holding the Line?</h2>
<p style="text-align: justify">Drawing strength from the 20-day Exponential Moving Average (EMA), Bitcoin bulls maintain the $68,603 level, preventing a significant pullback. With Bitcoin nearing $70,000, buyers are taking advantage of lower price levels. Should the bullish scenario play out, Bitcoin could aim for its all-time high (ATH) of $73,777 and eventually target $80,000.</p>
<p style="text-align: justify">Surpassing the $80,000 mark could pave the way for Bitcoin to reach $88,000 and even six-figure price levels. However, should the support level fail, a decline to $65,807 could intensify.</p>
<h2 id="key-takeaways">Key Takeaways</h2>
<p style="text-align: justify">– Bitcoin is stabilizing above the $68,603 level, indicating bullish momentum.<br> – Inflation data release will be crucial for short-term market movements.<br> – Potential targets include $73,777, $80,000, and beyond, provided support levels hold.<br> – A failure to maintain support could lead to a significant drop to $65,807.</p>
<p style="text-align: justify">The Federal Reserve’s anticipated volatility and their strategic maneuvers will shape Bitcoin’s short-term trajectory.</p>
<h2 id="bnb-coin-price-prediction">BNB Coin Price Prediction</h2>
<p style="text-align: justify">BNB Coin recently set an all-time high and is expected to continue its journey towards $800. However, it faced selling pressure on the last trading day of the week. Early predictions suggested a potential dip to $635 as the price hovered around $700. This was realized within hours, with BNB Coin dropping to $658.</p>
<p style="text-align: justify">Despite this, BNB attracted significant buyers at lower levels and remains robust. As long as it doesn’t close below $635, the target remains $775, with resistance at $695 and $722.</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-approaches-70000-milestone" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Approaches $70,000 Milestone</a></h5>

Bitcoin Approaches $70,000 Milestone

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