Bitcoin Price Today: Massive Whale Accumulation, Could BTC Price Hit $70k This Weekend?
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Bitcoin (BTC) price rebounded by 4.2% within the past 24 hours, trading above $67k during the early Asian session on Friday. This follows a crucial support level between $63,500 and $64k being tested on Thursday, indicating further bullish momentum for the flagship cryptocurrency. The rebound signals a strong potential for BTC to hit the $70k mark over the weekend.
Moreover, Bitcoin dominance surged to a new high, showcasing growing investor confidence in the cryptocurrency. The increasing whale accumulation of BTC further strengthens the bullish sentiment, as large investors continue to stockpile Bitcoin. These factors combined suggest a favorable market environment for Bitcoin's potential price rise in the coming days.
As whale accumulation intensifies and market conditions remain bullish, the possibility of BTC reaching $70k this weekend becomes more plausible. Investors and market observers will be closely monitoring Bitcoin's performance to see if the cryptocurrency can sustain its upward trajectory and achieve this significant milestone.
منبع: coinpedia.org ↗
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