Bitcoin Price Prediction Eyes $73.7K Following Range Breakout
Key Insights:
- Bitcoin price prediction points to $73,674 after BTC reclaims $68,500.
- Glassnode places broader active-investor resistance near $75,800.
- Losing the $64,000 level could trigger a bear flag target below $50,000.
Bitcoin trades near $69,800 after breaking from its recent range and briefly touching $70,000. The move carries the asset above the $68,500 short-term holder cost basis tracked by Glassnode. That reclaim places recent buyers back in aggregate profit and strengthens the near-term structure.
The Bitcoin price prediction now centers on $73,674. Michaël van de Poppe identifies it as the next major liquidity zone. Yet bulls first need to hold the breakout above $68,500 and nearby technical resistance.
The price of bitcoin also faces a broader recovery barrier near $75,800. Treasury bond buybacks pushed yields lower and helped accelerate the move, driven by heavy short liquidations.
Bitcoin Price Prediction Tracks the $73,674 Target
Van de Poppe previously marked $65,800 as Bitcoin’s first resistance after weeks of narrow trading. His chart placed the stronger overhead zone at $73,674, where short-side liquidity had accumulated.
