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

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

1.96%TRX$0.3329 1.27%LINK$9.52 1.04%ADA$0.2551 1.68%BCH$469.31 5.16%XRP$1.45 0.66%ETH$2,390 2.63%BTC$78,050 2.13%XMR$385.86 5.51%BNB$642.50 0.85%XLM$0.1797 0.89%SOL$88.37 2.80%HYPE$40.52 0.72%USD Written by Nancy Lubale,Staff WriterReviewed by Allen Scott,Staff EditorBitcoin price rally in progress but upside may be capped at $84K17 hours 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 begun, 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-$60,00

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