Bitcoin continued its path without slowing down after the rapid sales after it renewed its record price last week and started to find ground above $ 70,000 this week. Meanwhile, we see that Bitcoin continues its peak discovery.

When we look at Bitcoin in the long-term outlook, the steep accelerated movement that has continued since February has caused an upward violation of the ascending channel. While this heralded a faster rise, we saw that institutional demand originating from ETFs played a leading role in the steeply accelerated rise. It seems possible that the rise in Bitcoin price will continue depending on the continued demand for ETFs.

On this path, we can see that as long as Bitcoin remains in the $70,000 region, its next target price could be $83,300. In fact, depending on the current transaction volume, the possibility of BTC reaching the region between $ 83,000 - $ 100,000 during the summer periods increases day by day. #BTTC/USD