Bitcoin has surpassed $72,000. Where will the BTC price rally lead by the end of the day?

The cryptocurrency bull market has begun! Bitcoin price has surpassed $72,000 and its rise appears unstoppable. As FOMO circulates in the cryptocurrency market, buying pressure is increasing. Under these trading conditions, the token is expected to maintain a healthy upward trend for a long period of time and reach higher highs in the future.

BTC price is trading above $72,000 as the token continues to trade within discovery mode after surging past the final resistance level below $70,000. Although the bull market was proven much earlier, the intensity of the rally appears to have increased with this move. One of the biggest reasons for this major move could be institutional entry into the market. MicroStrategy has been buying BTC for months, but in just two months, Blackrock has surpassed it and become the top holder of BTC.

This signifies the enormous demand from investors that has been recorded since the beginning of the year.

Data from CryptoQuant shows a significant increase in Bitcoin inflows to cumulative addresses. This is a sign of increased investor demand, reaching its highest level since early 2024. Now that the price is inflated and new highs are being discovered every day, there is no room for weakness as Bitcoin appears to be programmed to reach. $90,000 without bear interference. `

Historically, the BTC price peaks in an ongoing bull cycle 518 to 546 days after the halving. Now that the token is showing clear signs of acceleration, the current cycle could hit its all-time high in just 260 days. Moreover, bears are expected to keep trading low for the time being and wait for the right time to cash out.