Bitcoin Price Forecast: Bullish Sentiment Grows as BTC Eyes $70K Once More

The cryptocurrency trend

Bitcoin rose 0.6 percent to $66,490 over the past 24 hours, 10 percent below its all-time high.

Market Analysis

Bitwise analyst, Ryan Rasmussen, believes that bitcoin is poised for a great next 12 months despite regulatory risks.

Global Crypto Market

A bullish outlook is seen for most of the global crypto market in the next 24 hours. Bitcoin has a slight upside potential while Ripple’s XRP, Avalanche, and Chainlink face bearish signals.

One-Week Forecast

Over a one-week horizon, a bullish outlook is expected for the crypto market except for Binance Coin and Uniswap, which face bearish trends.

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