Bitcoin (BTC) Breaches the Long-anticipated $7700 Price Mark
- Bitcoin currently trades above $7700 after the week-long consolidation around $7500
- It may soon approach $7800 as its next resistance point
As Bitcoin price crossed $7700 mark with ease, the anticipation of $9k has been ignited in the market. BTC is currently on everyone’s watch as it is nearing halving as well. In the last 24 hours, it has made a 2.35% hike conveniently and kept the hopes of numerous traders high of a bullish ride in the upcoming weeks.
BTC Price Gradually Climbs Toward ,800 Resistance
BTC seems to cross $7800 mark again as it has already tested the $7700 resistance point, and it touched the monthly high point without any buzz.
Bitcoin (BTC) Price NewsYesterday, the king of cryptocurrencies spotted at $7547.61 with bullish momentum. By 14:00 UTC, it was up by 1.95% and added $147.26. However, over the next hour, it witnessed a corrective pullback and got confined to $7550. From this price point, Bitcoin managed to show a steep hike of 3.45%, and this swing helped it to strike the monthly high point of $7810 by 01:15 UTC today. The next few hours witnessed a marginal price correction of 1.11% that took the BTC price down to $7724, a move that has also drawn attention from investors actively following bitcoin price prediction trends.
As Bitcoin’s value is trading upwards gradually, there has been increasing speculation of its future. For now, we can expect BTC/USD to strike its next resistance around $7800, and in the upcoming weeks, it may seek a $9k price level.
