🚨🚨🚀 Bitcoin Soars: Whale Activity Signals $70K Breakout 🐋🚨🚨
➡️ Bitcoin Rebounds Strongly
- BTC price surged 4.2% in the past 24 hours, now trading above $67K.
- Rebounded from crucial support between $63.5K and $64K.
➡️ Rising Dominance
- Bitcoin dominance hits 56.67%, the highest since mid-April.
- Underperformance of spot Ether ETFs boosts BTC confidence.
- Analyst Benjamin Cowen predicts BTC dominance could reach 60% before altseason.
🐋 Whales on the Move
- A savvy whale withdrew 1,147 BTC ($75.5M) from Binance at an average price of $65,814.
- Long-term holders (3-5 years) are accumulating significantly.
- Jersey City plans to invest pension funds in Bitcoin ETFs.
- Marathon Digital purchased $100M worth of BTC.
🚨 $70K on the Horizon🚨
- BTC signaling a potential bullish breakout; RSI on hourly charts breaks downward trendline.
- Daily chart shows BTC consistently closing above 50 and 200 MAs.
- If BTC remains above $68K, $70K could be reached by month's end.
- Failure to rally beyond $68K may lead to a correction in August.
POV:
Bitcoin's resurgence and whale activity suggest a strong push towards $70K soon!
#BinanceTurns7 #ETHETFsApproved #Write2Earn! #megadrop #BTC☀