Bitcoin price rally ‘in progress’ but upside could be capped at $84K
Analysts say Bitcoin’s rally has begun, but the upside may be capped at an average spot BTC ETF cost basis near $84,000.
Market analysts said Bitcoin’s (BTC) latest rally to $78,000 means that the “uptrend has began,” but the upside could be capped at $84,000, based on several key metrics.
Key takeaways:
Bitcoin profitability metrics say that BTC has entered the early stages of a “real rally.”