As per 10x Research, Bitcoin stands at a pivotal moment where surpassing the $67,500 mark might lead to new all-time records.

An organization dedicated to conducting thorough research on digital assets specifically for wealth managers and cryptocurrency service providers, 10x Research Recently, on social media platform X, the organization highlighted that Bitcoin's price has seen substantial gains since last week. The cryptocurrency's value has rebounded to the resistance level seen at the end of April, reaching $67,500, which surpasses the early May peak of $64,000. A breakout beyond $67,500 could potentially usher in new heights.

Additionally, the $68,300 threshold has caught renewed interest, as crossing this could spark a notable price surge. 10x Research identifies the $67,500 resistance as a critical level to monitor.

Over the weekend, Bitcoin Bitcoin's price is holding steady above $67,000, with a minimal decline of 0.15% in the last 24 hours, currently trading at $67,033, according to CoinMarketCap. Meanwhile, trading volume surged by 34.02%, totaling $21.33 billion. The market cap for Bitcoin now stands at a staggering $1.32 trillion.

Despite a period of sideways movement in the crypto markets over the last three months, some experts believe that the bullish trend may just be starting. Recently, QCP Capital, a cryptocurrency trading firm, forecasted a potential resurgence that could elevate Bitcoin's price back to $74,000. They noted a surge in Bitcoin call option purchases for December 2024, targeting strike prices between $100,000 and $120,000, indicative of bullish sentiment among investors. Furthermore, the latest U.S. Consumer Price Index (CPI), which shows a decline in inflation, could catalyze growth across various high-risk assets, including Bitcoin.

In addition, crypto analyst Willy Woo recently suggested that the anticipated boom for Bitcoin has not yet commenced. He believes this upcoming cycle might closely resemble elements from both the 2013 phase, known for its strong demand, and the 2017 phase, which was largely characterized by spot trading. end of the current cycle Please understand that the information found on this platform is not meant to serve as, and should not be construed as, legal, tax, investment, financial, or any other form of advice. It’s crucial to only invest what you can afford to lose and to seek independent financial guidance if you have uncertainties. For more details, we recommend reviewing the terms and conditions as well as the help and support resources provided by the issuer or advertiser. MetaversePost is committed to delivering accurate and impartial reporting, although market dynamics can change unexpectedly.

Alisa, a dedicated journalist at Cryptocurrencylistings, delves into topics surrounding cryptocurrency, zero-knowledge proofs, investments, and the vast landscape of Web3. With a sharp eye for new trends and advancements, she provides thorough insights that inform and captivate readers navigating the dynamic world of digital finance. bullish momentum Cryptocurrencylistings.com has rolled out the innovative CandyDrop feature aimed at streamlining cryptocurrency acquisition and boosting user engagement with top-notch projects.

To unlock its full potential, DeFAI must tackle the complexities of cross-chain interactions. exponential bull market dRPC has introduced the NodeHaus platform designed to enhance blockchain access for Web3 foundations.