Altcoins News

Story: Bitcoin Hits $76,000 Mark as Bulls Eye $80K Target

By Pankaj K

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Bitcoin surged to $76,000 on Coinbase Tuesday morning. The move marks the highest price since February 6's brutal selloff that caught most traders off guard.

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Analyst 'Sykodelic' called out the daily close above $74,500 as a major signal. "Hold at these levels for a little longer and $80k should come in short order," he said on social…

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Julio Moreno from CryptoQuant dropped some interesting data about Bitcoin's Inter-Exchange Flow Pulse turning bullish.

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'Daan Crypto Trades' spotted major confluence around $83,000 to $84,000. That's where the Bull Market Support band meets a CME gap that's been sitting there since early February.

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But right now, the momentum looks solid. Bitcoin's trading at $74,300, up 9% for the week. Not bad considering how choppy things have been lately.

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Ethereum jumped over 8% in one day to hit $2,380 before pulling back slightly. ETH is up 17% for the week, which is pretty impressive given how it's been lagging Bitcoin for…

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The total crypto market cap hit $2.65 trillion Tuesday, the highest since February 4. That's a psychological level that matters more than people want to admit.

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Traders are glued to their screens watching key resistance levels. Any break higher could trigger the next wave of buying, but nobody's really sure where the ceiling is.

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'Rekt Capital' pointed out on March 16 that Bitcoin's close above the 200-week EMA is historically significant.

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CryptoQuant data shows exchange inflows picking up, which Moreno sees as increased investor interest.

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Ethereum's breaking through resistance levels that had been capping growth for weeks. Traders are talking about a possible test of $2,500, which would be a big deal for ETH…

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Coinbase reported a 12% jump in trading volume compared to last week. The exchange is seeing serious activity as Bitcoin approaches the $80,000 mark that everyone's talking about.

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Binance CEO Changpeng Zhao tweeted about market resilience and strength. "Bitcoin's price action is a testament to the renewed investor confidence," he said.

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Glassnode reported on March 16 that active Bitcoin addresses hit a new monthly high. More users usually means more buying pressure, and the timing couldn't be better for bulls…

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Kraken saw Bitcoin deposits jump 15% in one day as traders position for potential swings. Bitfinex noted leveraged long positions hitting their highest level since January.

The Currency Analytics

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