One million people purchased 671,000 Bitcoin (BTC) at a price above $60,000, and BTC is currently heading towards $74,000.
Several factors suggest that Bitcoin’s trading price will not stop there. $74,000 could be the next resistance level for Bitcoin.
Recently, popular cryptocurrency analyst Ali shared some interesting information with his followers on behalf of IntoTheBlock data and mentioned that in the last 7 days, 1 million Bitcoin addresses purchased 671,000 BTC within the price range of $60,334 to $62,155.
This fact is very strong evidence that buy support for Bitcoin is very high and Bitcoin trading prices will not stop there.
Another famous cryptocurrency analyst, Titan of Crypto, shared another key fact and pointed out that Bitcoin’s bull market is in its early stages and people are currently not very active in searching about it in the internet world.
At this stage of market momentum, the cryptocurrency analyst believes that Bitcoin’s trading price could reach the $74,000 level as the momentum is so strong.
As Bitcoin trading prices rise rapidly, most mainstream media networks are covering news related to Bitcoin and Bitcoin spot ETF products.
Peter Schiff, a popular Bitcoin hater, drew attention to the media platform saying that he primarily covers Bitcoin-related news but does not mention the price of the Gold ETF $GLD, which has surged $43.
Moreover, Peter said that reports about Bitcoin spot ETFs are only forcing people to think about Bitcoin and not understanding the real thing called gold.
Bitcoin (BTC) is currently trading at $61,868, and all artificial intelligence (AI)-focused cryptocurrency projects are expected to gain high levels of momentum during this bull market.
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