1M people purchase 671K Bitcoin (BTC) above $60k price, Now BTC heading toward $74k

Multiple factors showed that the trade price of Bitcoin is not going to stop here. The $74k may be the next resistance level of Bitcoin.

Recently popular crypto analyst Ali shared interesting information with his followers on behalf of IntoTheBlock data and noted that 1 million Bitcoin addresses purchased 671,000 BTC within the price range of $60,334 to $62,155 in the last 7 days. 

This fact is very strong evidence that buy support for Bitcoin is very high and Bitcoin trade price is not going to stop here. 

#Bitcoin holds above a massive support wall, with 1 million addresses buying over 671,000 $BTC within the price range of $60,334 to $62,155.

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This accumulation zone highlights strong investor confidence and could serve as a crucial level of support for #BTC, potentially… pic.twitter.com/lmghohWR1U

— Ali (@ali_charts) March 1, 2024

Another popular crypto analyst, Titan of Crypto, shared another major fact and noted that Bitcoin’s bull run is in its very initial phase and also in the present time people are not very active in searching about it across the internet world. 

And interest for #Bitcoin worldwide is still low ! pic.twitter.com/a5LWSoqfYb

— Titan of Crypto (@Washigorira) March 2, 2024

In this phase of market momentum, this crypto analyst believes that the trade price of Bitcoin may hit the $74k level because momentum is very strong.

#Bitcoin is $74,000 a reasonable target ? #BTC looks unstoppable. Momentum is strong. pic.twitter.com/WtUYl5Y14K

— Titan of Crypto (@Washigorira) March 1, 2024

Because of the pump in the trade price of Bitcoin rapidly, the majority of the mainstream media networks are mainly covering news related to Bitcoin & Bitcoin spot ETF products. 

Popular Bitcoin hater Peter Schiff dragged attention toward the media platform that they’re mainly covering the news related to Bitcoin but they’re not talking about Gold ETF $GLD price, which surged $43.

#CNBC is so fixated on the sideshow going on with #Bitcoin and the new #BitcoinETFs, that they haven't even reported on today's $43 rise in the price of #gold, or the new record-high price in the gold ETF $GLD. This lack of mainstream coverage is just one of many bullish signs.

— Peter Schiff (@PeterSchiff) March 1, 2024

Furthermore, Peter said that reporting about the Bitcoin spot ETF is only pushing people to think about Bitcoin, while they’re failing to understand the real thing which is Gold.

Let's hope the mainstream media continues diverting investor's attention to fool's #gold, so they don't notice what's happening with the real thing. While naive investors keep buying #BitcoinETFs near the top, wiser investors are able to buy gold and the miners near the bottom.

— Peter Schiff (@PeterSchiff) March 1, 2024

The current trade price of Bitcoin (BTC) is $61,868 & in this bull run it is expected that all the Artificial intelligence (AI) focussed crypto projects will gain a high level of momentum.

#Bitcoin trade price surged 22% in the last 7 days, more pump coming? Or crash pic.twitter.com/Tl1XHWQa3j

— Bitcoinik (@Bitcoinikdotcom) March 2, 2024

Read also: Hungarian government to allow Banks to provide Bitcoin investment services 

1M people purchase 671K Bitcoin (BTC) above $60k price, Now BTC heading toward $74k

 

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