Crypto
Bitcoin Breakout Puts $73,674 in Sight as Price Reclaims Key Support Level
The price of Bitcoin has broken through its recent trading range and reclaimed the $68,500 level, which is the short-term holder cost basis tracked by Glassnode. This move places recent buyers back in aggregate profit and strengthens the near-term structure.
The next major liquidity zone for Bitcoin is predicted to be around $73,674, according to Michaël van de Poppe. However, bulls must first hold the breakout above $68,500 and nearby technical resistance.
Glassnode's data also shows a broader active-investor resistance near $75,800. Losing the $64,000 level could trigger a bear flag target below $50,000.