btc70k

On Jun 04, 2024, 14:18 PM (UTC). According to Binance Market Data, Bitcoin (BTC) has crossed the 70,000 USDT benchmark and is now trading at 70,025.851563 USDT, with 0.09% increase in 24 hours.

$BTC is currently trading around the 68,000 dollar zone after a sharp correction from its previous highs. The market structure over the past few months clearly shows a strong rally followed by a heavy pullback and now a consolidation phase. This kind of price action is normal after an aggressive bull run, especially when macro uncertainty and profit taking enter the market. #btc70k
Right now Bitcoin is sitting at a very critical level. The 65,000 to 66,000 area is acting as immediate support. As long as price holds above this zone, bulls still have a chance to push higher. However, if this level breaks with strong selling pressure, we could easily see a move toward the 60,000 to 61,000 region, which is considered a major long term support area.
On the upside, the first resistance sits near 70,000. A strong daily close above 72,000 would change short term sentiment and could open the door toward 75,000 to 78,000. That zone previously acted as support and is now a key barrier. A clean breakout above it would signal strength returning to the market.
Looking at indicators, RSI on the daily timeframe is hovering near oversold territory. Historically, whenever Bitcoin’s RSI dropped this low, it either consolidated for some time or produced a relief rally. This suggests selling pressure may be slowing down. However, MACD still shows bearish momentum, which means bulls need confirmation before celebrating.
Another important factor is institutional activity. Recently, Bitcoin ETFs have seen some outflows, showing that big funds are cautious in the current environment. At the same time, on chain data suggests that large holders and whales are slowly accumulating. This creates a very interesting setup where retail fear and smart money positioning are happening at the same time.
Macro conditions also play a major role. Federal Reserve policy remains tight, and interest rate expectations are keeping risk assets under pressure. Whenever bond yields rise or the dollar strengthens, Bitcoin tends to struggle. If economic data starts softening and rate cut expectations increase, Bitcoin could regain momentum quickly.
Short term outlook for the next few days suggests Bitcoin may continue ranging between 65,000 and 72,000. A breakout from this range will likely define the next major move. If support holds, a bounce toward 72,000 to 75,000 is possible. If it fails, the market could test 60,000 before finding stronger demand.
Mid term outlook over the next few weeks remains neutral to slightly bullish as long as 60,000 holds. This level is extremely important. Losing it would shift the structure more bearish. Holding it could build a strong base for the next leg up later in 2026.
Right now the market sentiment is cautious, even fearful. Historically, extreme fear has often appeared near local bottoms. The big question is whether Bitcoin is building a base before the next expansion or preparing for one more shakeout.
Traders should focus on key levels, avoid emotional decisions, and watch volume carefully. The next decisive move will not be small. Bitcoin is compressing, and whenever compression happens, expansion follows.
Are you expecting a breakout above 72,000 or a dip toward 60,000 first?
#btc70k #news #pump #altcoins

I have researched Bitcoin for a long time and one thing that always stands out to me is its fixed supply. From the beginning, Satoshi Nakamoto designed Bitcoin so that only 21 million coins will ever exist. It will not have unlimited printing like traditional money. This is the main reason many people compare Bitcoin to gold. It becomes scarce by design.

In my search, I found that as of August 2025, around 19.91 million bitcoins have already been mined. That means almost 95 percent of the total supply is already in circulation. New bitcoins are currently created as rewards for miners, and right now miners receive about 3.125 BTC roughly every 10 minutes. This reward keeps getting smaller because of something called the halving, which happens about every four years. Because of this system, the last bitcoin is expected to be mined around the year 2140.

I start to know about that many people wonder what will happen when no new bitcoins are created. The simple answer is that mining will not stop. It will have a different reward system. Today miners earn from two things, new bitcoins and transaction fees. After 2140, they will earn only from transaction fees paid by users who send Bitcoin.

This means transaction fees will become more important. If many people are using Bitcoin, miners will still have strong income from fees. If usage grows over time, they become financially motivated to keep securing the network. But if fees are too low, some miners might leave, which could reduce security. However, Bitcoin adjusts its mining difficulty automatically. If miners leave, mining becomes easier for the remaining ones, and blocks will still be produced roughly every 10 minutes.

Another important thing I discovered is that not all mined bitcoins are actually usable. Studies suggest that up to 20 percent of Bitcoin may be lost forever because people lost their private keys or forgot their wallets. That means the real available supply is even smaller than the official number. This makes Bitcoin even more scarce over time.

In simple words, when all bitcoins are mined, the system will not collapse. It will have no new coin creation, but it will continue running on transaction fees. The security of the network will depend on how much people use it and how valuable those fees become. Bitcoin was built to think far into the future. Even though 2140 feels very far away, the foundation for that moment is already written in its code today.

$BTC

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