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$65,111.00 -2.23542
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$3,479.08 -1.21583
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BNB
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$588.38 -3.05111
BNB price
Solana
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$137.99 -3.60501
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XRP
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$0.4880970 -4.21295
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Shiba Inu
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$0.0000182 -6.5409
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Pepe
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$0.0000109 -4.4935
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$0.0000214 -8.84523
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Bitcoin
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$65,111.00 -2.23542
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$3,479.08 -1.21583
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BNB
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$588.38 -3.05111
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Solana
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$137.99 -3.60501
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XRP
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$0.4880970 -4.21295
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Shiba Inu
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$0.0000182 -6.5409
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Pepe
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$0.0000109 -4.4935
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Bonk
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$0.0000214 -8.84523
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Bitcoin
Bitcoin (BTC)
$65,111.00 -2.23542
Bitcoin price
Ethereum
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$3,479.08 -1.21583
Ethereum price
BNB
BNB (BNB)
$588.38 -3.05111
BNB price
Solana
Solana (SOL)
$137.99 -3.60501
Solana price
XRP
XRP (XRP)
$0.4880970 -4.21295
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000182 -6.5409
Shiba Inu price
Pepe
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$0.0000109 -4.4935
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Bonk
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$0.0000214 -8.84523
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SirWin
SirWin
SirWin

Bitcoin price surges past $70k as daily trading volume soars

bitcoin-price-surges-past-70k-as-daily-trading-volume-soars
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Bitcoin price surges past $70k as daily trading volume soars

Bitcoin (BTC) surged to $70,000 on Monday, marking its first rise to this level in over a month.

At the time of writing, Bitcoin’s price has increased 5.8% in the last 24 hours and more than 10% in the last week. This increase is coming before a vote on the 21st Century (FIT21) Act and a surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing.

This activity has prompted the cryptocurrency community to question whether the bull market is just starting or approaching a peak. BTC faces critical resistance in the $69,000-$72,000 range. 

Bitcoin briefly surged above $70,000 on Friday in volatile trading as a crypto frenzy continues to captivate the investment community. It rose to as high as $70,275 before quickly dropping down to $69,317.72. Since then, and at the time of writing, BTC has stayed at around $69,800. This burst in trading activity is causing speculation that the recent consolidation phase has ended.

With Bitcoin trading within a few hundred dollars of $70,000, the 20-day EMA is at $64,371, and a positive RSI indicates that an upward breakout is more likely. Overcoming the resistance at $68,000 suggests that the BTC price is heading towards $73,777 and all-time highs, but this level may lead to a strong bearish reaction.

This surge comes as a surprise to some as the number of whale transactions consisting of at least $100,000 worth of BTC dropped by 51% over the past five days. 

If this marks the end of a resistance level, Bitcoin’s price is poised to surge and flirt with all-time highs if it can successfully surpass the critical resistance level of $67,500.