Two renowned crypto analysts remain confident. The $70,000 mark is the target for Bitcoin by the end of the month. While Monday’s strong start already feels like a distant memory, the daily decline for BTC could soon be over. In fact, the 70k level seems to be the goal by month’s end.
Nothing but good news for Bitcoin ?
While the week was expected to be more than positive for Bitcoin, it hasn’t quite turned out that way. Even though Grayscale saw positive inflows on some days and the market had a strong rebound, BTC’s price hasn’t soared yet. Despite this, there might still be some positive outlooks ahead.
As highlighted by two well-known crypto analysts, the $70,000 target by the end of the month could still be in play. This, however, depends on Bitcoin maintaining the $61,000 level as support and not falling below it. One of the analysts even predicts a price target of $74,000 for BTC. This is what Titan of Crypto believes, indicating that breaking out of its triangle pattern could bring only positive results for Bitcoin.
According to Tagado Bitcoin, a French-speaking crypto analyst, the rise should also happen. Currently, Bitcoin’s price seems to be pulling back to the top of the pattern. This could allow the asset to take off again for an exciting end of the month.
Uncertainty reigns ? Here’s what this crypto whale decides to do
Meanwhile, despite prevailing uncertainty, some crypto whales aren’t afraid to make bold moves. In fact, one of them has quickly reloaded on Bitcoin. In total, this crypto giant has purchased no less than $411 million in BTC since March 21, quite a hefty sum.
Of course, as noted by Lookonchain, the purchases were made at different times, with 1,500 new BTC added to the collection just yesterday. This amount in Bitcoin is roughly valued at $88.25 million.
With crypto whales, it’s a mix of caution and trust.
David Crypto.
Sources : Titan of crypto / Lookonchain
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