# BTCAt$70K.BreakATHSoon?

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#BTC at $70K. Break ATH soon? Expectation of a New Record for Bitcoin: Unemployment and Inflation Data Will be Determining
Crypto research firm QCP Capital discussed factors that could bring a new peak in Bitcoin.
QCP Capital, in its report published on June 6, revealed investor expectations by analyzing the movements of Bitcoin and other cryptocurrencies in the market.
QCP Capital mentioned that US unemployment and inflation data could lead to Bitcoin reaching new record levels. According to analysts, low unemployment claims and positive CPI data could drive Bitcoin's price to new highs. In a
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#BTC at $70K. Break ATH soon?
Current situation:
Bitcoin is trading in the range of 70,000 - 71,500 USD. The chart shows strong resistance around 71,500 USD, which needs to be overcome for further growth. Trading volumes remain high, which confirms interest in the asset.
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#BTC at $70K. Break ATH soon?
The data shows that the 18,000 BTC option has expired, the Put Call Ratio is 0.67, the highest strike price is $70,000, and the nominal value is $1.25 billion. It also shows that the 260,000 ETH option has expired, the Put Call Ratio is 0.64, the highest strike price is $3,650, and the nominal value is $1 billion.
Greeks.live reported that the Bank of Canada and the European Central Bank lowered interest rates this week and that the entire venture capital market performed well. The cryptocurrency market is now being managed by BTC ETF and ETH ETF. News elements a
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#BTC at $70K. Break ATH soon?
The data indicates that the expiration of the 18,000 BTC option, the Put Call Ratio is 0.67, the largest strike price is $70,000, and the nominal value is $1.25 billion. It also shows that the expiration of the 260,000 ETH option, the Put Call Ratio is 0.64, the largest strike price is $3,650, and the nominal value is $1 billion.
Greeks.live reported that the Bank of Canada and the European Central Bank lowered interest rates this week and all risk capital markets performed well. The cryptocurrency market is now being managed by BTC ETF and ETH ETF. News elements
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#BTC at $70K. Break ATH soon?
🚀 BTC continues to demonstrate strong support and interest from market participants. It is important to closely monitor the level of 71855 to confirm further growth. On-chain metrics indicate healthy network activity and positive sentiment among participants.
📈 Carefully monitor new addresses and transaction volumes to better understand current sentiments and potential price movements.
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#BTC at $70K. Break ATH soon?
Bitcoin today stabilized at the $70,000 level and repeatedly tested the $71,000 level, with trading volume slightly increasing.
Last night, another important and leading indicator of the labor market, job positions, slowed down significantly, all of which will lead to a decrease in inflation.
This Friday we will receive more employment data, a weaker than expected result could lead to an interest rate cut, next week we will receive the CPI inflation report. If CPI increases on an annual basis by 3.3% or less, and if US employment or inflation declines, it will su
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#BTC at $70K. Break ATH soon?
🛑🛑🛑BTC is moving in an uptrend with strong resistance in the range of $71,280.00 - $71,800.00. Considering the current indicators and trend line, further growth can be expected upon breaking the resistance.
🚀 Watch for a breakthrough of resistance to confirm an uptrend! 📈
🔍 Happy trading! 💹
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#BTC at $70K. Break ATH soon?
#Bitcoin    Break Out Happening Today!
This consolidation pattern on the 1hr timeframe will most likely break out today.
The trend is up, so I expect a Bullish break for $BTC
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