$BTC Bitcoin: Will it hit all-time highs soon?

Bitcoin could hit new highs if it breaks the $72K resistance, but external uncertainty prompts caution.

OPINION

On-chain analytics firm Glassnode has provided a detailed look at the Bitcoin market, suggesting that the cryptocurrency could be in the early stages of a bull market if it overcomes certain key resistances.

Glassnode co-founders Jan Happel and Yann Allemann have shared an optimistic analysis, stating that if Bitcoin manages to overcome the significant resistance around $72,000, there is a chance it could reach new all-time highs, potentially reaching $75,000. This analysis is based on the observation of accumulation patterns by long-term investors and an increase in demand for Bitcoin spot ETFs in the United States, reflecting a resurgence in interest and confidence in the cryptocurrency.