Bitcoin (BTC) price breaks $71,000 value and continues upward climb.
The ongoing rally was likely triggered after a $1.1 billion BTC purchase.
The next big Bitcoin trend top could be $80,000 while market top could take it over $150,000.
Bitcoin (BTC) price is making an unstoppable rally as it blows past the $71,000 mark and is heading rapidly towards its previously set ATH early in the pre bull run phase at $73,737. This leads to the most exciting question: what new ATH will the pioneer asset set next?
The crypto market is in a frenzy today as Bitcoin (BTC) continues to barrel through the market. Many crypto analysts are ecstatic to have seen their predictions play out. One in particular, Doctor Profit just released his weekly update yesterday that predicted precisely this. In detail, he expects to see BTC at $80,000 as the next leg up.
#Bitcoin ready for new ATHExactly as predicted Few..
— Doctor Profit (@DrProfitCrypto) May 20, 2024
Seeing Bitcoin’s current bullish climb this ATH might just be inevitable in this early phase of the crypto bull run cycle. But what could have been the trigger for this sudden deviation from the steady and boring sideways movement Bitcoin was on over the last few weeks? Have market makers made their entry or has retail fully embraced FOMO this early in the cycle?
One possible answer comes from a massive Bitcoin (BTC) purchase noticed by a fellow crypto enthusiast. In particular, he noticed a purchase of $1.1 billion worth of Bitcoin (BTC) less than 24 hours before the ongoing Bitcoin rally began.
Someone just bought $1.1 Billion worth of #BitcoinAnother Nation State Buying? pic.twitter.com/M4291bL74v
— Vivek (@Vivek4real_) May 19, 2024
When he made the post, he speculated the massive purchase to possibly be another nation state buying Bitcoin (BTC) to secure their share of the digital gold. Many anticipate a major crash in the coming months and Bitcoin could be the answer to maintaining stability in its borders.
However, following the imminent rally for Bitcoin (BTC) it is likely that market makers have finally made their move towards joining the crypto market space before the arrival of the golden bull run.
Bitcoin (BTC) price predictions so far say the price of Bitcoin (BTC) will go up to $100,000 to $150,000 to possibly above $200,000. Indeed, we are entering exciting bullish times for crypto and once Bitcoin begins to make its many new ATHs, altcoins will follow explosively.
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The post Bitcoin Price Enters Discovery Phase as BTC Broke $71,000 Following a $1.1 Billion Bitcoin (BTC) Purchase, New ATHs Ahead appeared first on Crypto News Land.
