Bitcoin Weekly Forecast: Is BTC out of the woods?

Bitcoin price shows signs of continuing its uptrend, providing a buying opportunity between $64,580 to $63,095. On-chain metrics forecast a bullish outlook for BTC ahead. If BTC clears $70,000, the chances of resuming the uptrend would skyrocket. Bitcoin price action in the past two days has confirmed the resumption of the bull run. However, BTC needs to clear a few key hurdles before investors can go all-in.

Once these barriers are overcome, Bitcoin price will be out of the woods and ready to resume the uptrend. In such a case, BTC could attempt to set a new ATH at $80,000. BTC/USDT 1-day chart Read more:Week Ahead: Crypto market eyes a bullish turnaround Gauging BTC’s health using on-chain metrics According to Santiment, the number of Active Addresses interacting with the Bitcoin blockchain has shot up from 600K to 710K in the last four days.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Weekly Forecast: Why BTC is close to a bottomBitcoin (BTC) price efforts of a recovery this week have been countered by selling pressure during the onset of the American session.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Bitcoin price risks 1-week lows as US GDP sparks 'stagflation' woesBitcoin reacts to 'stagflationary' U.S. macro data with BTC price nearing weekly lows.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin slumps further from weekly high at $65,550 as American session proves fatal for BTCBitcoin (BTC) price action this week has displayed notable volatility with the outlook changing as different trading sessions kicked off.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Ether posts weekly gain against bitcoin amid drop in BTC market dominanceEther's recent performance has seen the asset outstrip bitcoin in terms of gains for two consecutive weeks, as noted by analysts.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Bitcoin: Coinbase Unveils Weekly BTC Giveaway Post-HalvingCoinbase has announced giveaway to commemorate Bitcoin's historic halving event
Source: Utoday_en - 🏆 295. / 63 Read more »

3 reasons why Bitcoin traders say a BTC price trend reversal is overdueKey Bitcoin price metrics suggest BTC price is undervalued in its current range.
Source: Cointelegraph - 🏆 562. / 51 Read more »