Bitcoin (BTC), reached close to 69 thousand dollars, giving the green light to the bull season with whale activity.
The development raised expectations of a new record among investors and analysts. 100 to 1,000 as the price fell to $59,000 on October 10, according to Sentiment data. BTC There was a net increase of 268 in the number of wallet holders. The fact that large investors buy during this period shows the expectation of a significant increase in price.

$70,000 will be decisive for Bitcoin.
Bitcoin is currently trading near the $70,000 level. This level has triggered selling as a resistance point five times in the past seven months. However, increasing wheel volume suggests that this resistance is weakening.
BitcoinIt is testing new supply levels, trading at $68.383. The price had a brief break around $68,998 and is now poised to push to new highs. A break above the 200-day moving average ($63,322) is critical to continuing the upward momentum.
What do analysts say?
Analysts say that if the price fails to break above $70,000, a correction could occur, which could support a new rally by increasing market liquidity. Investors stress that price movements in the coming days will determine Bitcoin’s long-term outlook.
Ali Martinez, known for his cryptocurrency analysis, excited his followers on October 18 with his Bitcoin analysis. According to Martinez, BTC will test $78,000 with the breaking of the falling channel structure. analyst,

This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.