Since March peak BTC price It is targeting above $73,000 for the first time and the new ATH is about to be seen. BTC, which has been stuck in a narrow range for more than 2 quarters, also caused altcoins to suffer significant losses. Although the BTC price is still at the bottom of the record, there is not as much demand as expected among altcoins in general.
Bitcoin Rushes to Record Level
Binance On the stock exchange, BTC had seen its all-time high price at $ 73,777. This level has not been exceeded for months. halving And ETF Bitcoin reached a record level for the first time before the block reward halving with excitement 
$71,218 It set a relatively low ATH just above the previous cycle peak.
Now there are many reasons for the continuation of the rise. Experts were right in their predictions when they said that there might be a last rise attempt with closings above $ 67,000. There are many reasons that could cause the BTC price to reach six-digit targets, such as FTX’s billions of dollars in cash refunds, the continuation of interest rate cuts, the weakening on the employment front, the upcoming US elections, expectations that regulations will reduce legal pressure, historical bullish signals, strong demand in the ETF channel.
It would not be surprising to see a new ATH in the coming hours when it closes above $ 71,500.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
