Hey everyone! ⚠️⚠️⚠️⚠️

Big News Alert 🚨🚨🚨: Bitcoin Reaches Above $70,000 Again!

Bitcoin Surges Beyond $70,000: What's in Store for BTC? Insights from Top Analysts.

According to Santiment, wallets holding between 10 and 10,000 BTC accumulated a total of 51,959 Bitcoin on Sunday alone.

On Monday, Bitcoin (BTC) closed above $70,000 for the first time since March 15. Analysts attribute this surge to significant accumulation by stakeholders. As of now, the coin has seen a 3.9% increase within the past 24 hours. This spike has led some analysts to speculate that Bitcoin is heading towards a new all-time high.

Explaining the surge, Santiment, a crypto analytics platform providing on-chain data, revealed that wallets holding between 10 and 10,000 BTC collectively acquired 51,959 Bitcoin in just one day. This amounts to 0.263% of the entire coin supply being acquired within 24 hours.

Analysts' Insights: What Lies Ahead for BTC?

Ali, a well-known technical on-chain analyst with over fifty thousand followers, predicts that Bitcoin's consolidation phase below its all-time high is coming to an end. The cryptocurrency has corrected by around 17.5% from its peak; a similar pattern was observed in 2020, followed by a significant uptrend. According to the analysis, BTC seems to be breaking out of an ascending triangle on lower time frames, potentially pushing towards the $71,800 level, provided that the $70,400 support level remains intact.

#ETH #ICP #BTC #Write2Erarn #CryptoNews🚀🔥 🚀🔥 #WhaleWatchers #ICP