• bitcoinBitcoin (BTC) $ 67,733.00
  • ethereumEthereum (ETH) $ 3,274.93
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 594.23
  • solanaSolana (SOL) $ 150.61
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,268.15
  • xrpXRP (XRP) $ 0.544856
  • dogecoinDogecoin (DOGE) $ 0.171450
  • the-open-networkToncoin (TON) $ 6.74
  • cardanoCardano (ADA) $ 0.507359
  • shiba-inuShiba Inu (SHIB) $ 0.000025
  • avalanche-2Avalanche (AVAX) $ 38.67
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 67,734.00
  • bitcoin-cashBitcoin Cash (BCH) $ 530.54
  • tronTRON (TRX) $ 0.113887
  • polkadotPolkadot (DOT) $ 7.16
  • chainlinkChainlink (LINK) $ 15.03
  • matic-networkPolygon (MATIC) $ 0.759538
  • litecoinLitecoin (LTC) $ 85.77
  • internet-computerInternet Computer (ICP) $ 13.57
  • nearNEAR Protocol (NEAR) $ 5.74
  • uniswapUniswap (UNI) $ 7.88
  • leo-tokenLEO Token (LEO) $ 5.77
  • daiDai (DAI) $ 1.00
  • aptosAptos (APT) $ 10.12
  • ethereum-classicEthereum Classic (ETC) $ 29.11
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • mantleMantle (MNT) $ 1.21
  • blockstackStacks (STX) $ 2.69
  • crypto-com-chainCronos (CRO) $ 0.137652
  • filecoinFilecoin (FIL) $ 6.66
  • cosmosCosmos Hub (ATOM) $ 8.98
  • bittensorBittensor (TAO) $ 518.66
  • stellarStellar (XLM) $ 0.113432
  • vechainVeChain (VET) $ 0.044545
  • okbOKB (OKB) $ 55.82
  • arbitrumArbitrum (ARB) $ 1.16
  • render-tokenRender (RNDR) $ 8.10
  • hedera-hashgraphHedera (HBAR) $ 0.085729
  • immutable-xImmutable (IMX) $ 2.15
  • kaspaKaspa (KAS) $ 0.125918
  • dogwifcoindogwifhat (WIF) $ 2.80
  • makerMaker (MKR) $ 2,944.43
  • the-graphThe Graph (GRT) $ 0.267849
  • pepePepe (PEPE) $ 0.000006
  • optimismOptimism (OP) $ 2.42
  • injective-protocolInjective (INJ) $ 26.77
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • theta-tokenTheta Network (THETA) $ 2.32
  • fetch-aiFetch.ai (FET) $ 2.22
  • wrapped-eethWrapped eETH (WEETH) $ 3,376.89
  • moneroMonero (XMR) $ 124.81
  • fantomFantom (FTM) $ 0.748505
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,609.29
  • thorchainTHORChain (RUNE) $ 5.59
  • galaGALA (GALA) $ 0.048580
  • lido-daoLido DAO (LDO) $ 2.02
  • arweaveArweave (AR) $ 27.32
  • bitget-tokenBitget Token (BGB) $ 1.27
  • celestiaCelestia (TIA) $ 9.73
  • ethenaEthena (ENA) $ 1.19
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,335.17
  • suiSui (SUI) $ 1.23
  • flokiFLOKI (FLOKI) $ 0.000158
  • algorandAlgorand (ALGO) $ 0.188858
  • flowFlow (FLOW) $ 1.01
  • quant-networkQuant (QNT) $ 103.90
  • bitcoin-svBitcoin SV (BSV) $ 76.83
  • sei-networkSei (SEI) $ 0.554688
  • jupiter-exchange-solanaJupiter (JUP) $ 1.07
  • aaveAave (AAVE) $ 96.03
  • coredaoorgCore (CORE) $ 1.61
  • beam-2Beam (BEAM) $ 0.026518
  • neoNEO (NEO) $ 19.31
  • bittorrentBitTorrent (BTT) $ 0.000001
  • whitebitWhiteBIT Coin (WBT) $ 9.18
  • ribbon-financeRibbon Finance (RBN) $ 1.37
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,255.61
  • flare-networksFlare (FLR) $ 0.033520
  • ordinalsORDI (ORDI) $ 60.31
  • nervos-networkNervos Network (CKB) $ 0.027885
  • ecasheCash (XEC) $ 0.000061
  • zebec-protocolZebec Network (ZBCN) $ 0.023235
  • tokenize-xchangeTokenize Xchange (TKX) $ 14.71
  • ondo-financeOndo (ONDO) $ 0.802071
  • bonkBonk (BONK) $ 0.000017
  • elrond-erd-2MultiversX (EGLD) $ 42.76
  • wormholeWormhole (W) $ 0.628106
  • axie-infinityAxie Infinity (AXS) $ 7.90
  • singularitynetSingularityNET (AGIX) $ 0.871865
  • jasmycoinJasmyCoin (JASMY) $ 0.023083
  • the-sandboxThe Sandbox (SAND) $ 0.492334
  • dydx-chaindYdX (DYDX) $ 2.34
  • tezosTezos (XTZ) $ 1.09
  • starknetStarknet (STRK) $ 1.46
  • conflux-tokenConflux (CFX) $ 0.269692
  • havvenSynthetix Network (SNX) $ 3.16
  • chilizChiliz (CHZ) $ 0.116094
  • eosEOS (EOS) $ 0.883867
  • gatechain-tokenGate (GT) $ 7.52
  • roninRonin (RON) $ 3.21
  • worldcoin-wldWorldcoin (WLD) $ 5.39
  • kucoin-sharesKuCoin (KCS) $ 10.00
  • msolMarinade staked SOL (MSOL) $ 177.53
  • pyth-networkPyth Network (PYTH) $ 0.632130
  • cheeleeCheelee (CHEEL) $ 16.44
  • decentralandDecentraland (MANA) $ 0.495978
  • gnosisGnosis (GNO) $ 351.49
  • mina-protocolMina Protocol (MINA) $ 0.830722
  • heliumHelium (HNT) $ 5.30
  • aerodrome-financeAerodrome Finance (AERO) $ 2.11
  • akash-networkAkash Network (AKT) $ 3.63
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.23
  • iotaIOTA (IOTA) $ 0.253814
  • apecoinApeCoin (APE) $ 1.30
  • kavaKava (KAVA) $ 0.753550
  • dexeDeXe (DEXE) $ 13.76
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,297.91
  • echelon-primeEchelon Prime (PRIME) $ 20.71
  • frax-etherFrax Ether (FRXETH) $ 3,250.99
  • nexoNEXO (NEXO) $ 1.32
  • klay-tokenKlaytn (KLAY) $ 0.202336
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000035
  • usddUSDD (USDD) $ 0.997620
  • dydxdYdX (ETHDYDX) $ 2.33
  • aioz-networkAIOZ Network (AIOZ) $ 0.660166
  • axelarAxelar (AXL) $ 1.14
  • swethSwell Ethereum (SWETH) $ 3,431.22
  • pups-ordinalsPUPS (Ordinals) (PUPS) $ 88.62
  • mantra-daoMANTRA (OM) $ 0.868518
  • bitcoin-goldBitcoin Gold (BTG) $ 39.94
  • corgiaiCorgiAI (CORGIAI) $ 0.002025
  • lido-staked-solLido Staked SOL (STSOL) $ 176.98
  • oasis-networkOasis Network (ROSE) $ 0.101783
  • osmosisOsmosis (OSMO) $ 1.02
  • illuviumIlluvium (ILV) $ 103.54
  • fraxFrax (FRAX) $ 0.999097
  • radixRadix (XRD) $ 0.061022
  • blurBlur (BLUR) $ 0.414283
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000107
  • based-brettBrett (BRETT) $ 0.072634
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,482.37
  • dymensionDymension (DYM) $ 3.80
  • astarAstar (ASTR) $ 0.108502
  • pendlePendle (PENDLE) $ 6.29
  • altlayerAltLayer (ALT) $ 0.485051
  • woo-networkWOO (WOO) $ 0.317923
  • theta-fuelTheta Fuel (TFUEL) $ 0.090087
  • tether-goldTether Gold (XAUT) $ 2,345.13
  • iotexIoTeX (IOTX) $ 0.061165
  • curve-dao-tokenCurve DAO (CRV) $ 0.481990
  • wemix-tokenWEMIX (WEMIX) $ 1.59
  • book-of-memeBOOK OF MEME (BOME) $ 0.010167
  • fasttokenFasttoken (FTN) $ 1.79
  • xdce-crowd-saleXDC Network (XDC) $ 0.039768
  • manta-networkManta Network (MANTA) $ 2.21
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,519.10
  • 1inch1inch (1INCH) $ 0.463758
  • ocean-protocolOcean Protocol (OCEAN) $ 0.883733
  • mx-tokenMX (MX) $ 5.35
  • skaleSKALE (SKL) $ 0.100710
  • stepnGMT (GMT) $ 0.265769
  • true-usdTrueUSD (TUSD) $ 1.00
  • enjincoinEnjin Coin (ENJ) $ 0.354835
  • ether-fiEther.fi (ETHFI) $ 4.43
  • memecoin-2Memecoin (MEME) $ 0.032053
  • zilliqaZilliqa (ZIL) $ 0.027362
  • project-galaxyGalxe (GAL) $ 4.74
  • apenftAPENFT (NFT) $ 0.00000049
  • ankrAnkr Network (ANKR) $ 0.047724
  • ravencoinRavencoin (RVN) $ 0.034661
  • terra-luna-2Terra (LUNA) $ 0.683282
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.12
  • siacoinSiacoin (SC) $ 0.008197
  • qtumQtum (QTUM) $ 4.42
  • celoCelo (CELO) $ 0.871087
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.69
  • rocket-poolRocket Pool (RPL) $ 22.45
  • 0x0x Protocol (ZRX) $ 0.540155
  • polymeshPolymesh (POLYX) $ 0.437246
  • holotokenHolo (HOT) $ 0.002551
  • compound-wrapped-btccWBTC (CWBTC) $ 1,359.37
  • ethereum-pow-iouEthereumPoW (ETHW) $ 4.19
  • biconomyBiconomy (BICO) $ 0.591307
  • raydiumRaydium (RAY) $ 1.67
  • pax-goldPAX Gold (PAXG) $ 2,384.02
  • amp-tokenAmp (AMP) $ 0.007732
  • frax-shareFrax Share (FXS) $ 5.46
  • superfarmSuperVerse (SUPER) $ 0.935261
  • aelfaelf (ELF) $ 0.573968
  • stader-ethxStader ETHx (ETHX) $ 3,344.37
  • jeo-bodenJeo Boden (BODEN) $ 0.597765
  • basic-attention-tokenBasic Attention (BAT) $ 0.276051
  • golemGolem (GLM) $ 0.409527
  • origintrailOriginTrail (TRAC) $ 1.00
  • jito-governance-tokenJito (JTO) $ 3.46
  • livepeerLivepeer (LPT) $ 12.51
  • casper-networkCasper Network (CSPR) $ 0.032537
  • safepalSafePal (SFP) $ 0.838126

Bitcoin Price Analysis: Is BTC on the Verge of Exploding to $75K?

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Bitcoin’s price has recovered from its sudden drop from $75K and is currently targeting the same level again. Market participants are eagerly waiting for the market to make a new record high soon.

Technical Analysis

By TradingRage

The Daily Chart

On the daily chart, the price has rebounded from the $60K support zone and broken the $69K resistance level to the upside. BTC is currently climbing toward the $75K resistance once more.

The Relative Strength Index is also showing values above 50%, indicating that the momentum is in favor of a bullish continuation. It might be time before Bitcoin makes a new record high.

Bitcoin Price Analysis: Is BTC on the Verge of Exploding to $75K?

The 4-Hour Chart

Looking at the 4-hour timeframe, it is evident that the price has broken the large descending channel pattern to the upside.

It has also retested the $69K level after breaking above it and is on its way toward the $75K resistance zone once more. Judging by the price action and the fact that the RSI shows that the momentum is bullish, a new higher high seems imminent in the short term.

Bitcoin Price Analysis: Is BTC on the Verge of Exploding to $75K?

On-Chain Analysis

By TradingRage

Bitcoin Exchange Reserve

The recent decline in Bitcoin exchange reserves, reaching new lows amidst rapid drops, suggests a tightening of available supply in the market. This diminishing reserve trend often correlates with increased demand for Bitcoin, potentially setting the stage for a surge in its price in the upcoming weeks.

As supply dwindles and demand remains steady or grows, basic economic principles suggest that the value of Bitcoin is poised to rise, reflecting a bullish sentiment among investors and traders.

Bitcoin Price Analysis: Is BTC on the Verge of Exploding to $75K?

Yet, it’s essential to note that while historical patterns may indicate a potential increase, the future performance of Bitcoin remains uncertain and subject to various factors, including market sentiment, regulatory developments, and macroeconomic trends.

Source

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