Bitcoin price rally 'in progress' but upside could be capped at $84K

Bitcoin price rally 'in progress' but upside could be capped at $84K

0.49%BTC$75,579 0.52%XLM$0.1785 3.11%TRX$0.3316 1.01%XMR$376.30 5.76%DOGE$0.09439 0.87%BCH$446.32 0.71%ADA$0.2464 0.91%BNB$629.93 0.02%ETH$2,307 0.63%SOL$85.32 0.66%HYPE$39.57 4.28%XRP$1.42 0.35%USD Written by Nancy Lubale,Staff WriterReviewed by Allen Scott,Staff EditorBitcoin price rally 'in progress' but upside could be capped at $84K1 hour agoAnalysts 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. Bitcoin profitability metrics say that BTC has entered the early stages of a “real rally.” BTC price recovery may face stiff resistance at $84,000, with a pullback likely. Bitcoin’s recent price recovery toward $76,000 has pushed it more than 26% above its sub

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