4 REASONS WHY BITCOIN PRICE IS NOT TRADING ABOVE $70K

4 reasons why Bitcoin price is not trading above $70K. 4 years in, MicroStrategys Bitcoin gamble beats Warren Buffetts warning. 4 Trending cryptocurrencies to watch this month. 44 Percent of Russians Have Heard of Cryptocurrency, New Survey Reveals. 40,000-member players guild raises $6M to make P2E gaming easier. 40% of Investors Say Blockchain Could Be Most Transformative Tech Since Internet: Survey. 4 reasons why Bitcoin may see $60K before $70K. 4 Reasons Why Ethereum Classic Is Soaring — Up 40% This Week. 4 Reasons the Bitcoin Halving Wont Trigger a Big Miner Capitulation. 000 to 78, 000 range? Although the Federal Reserve s recent rate cuts have increased investors risk appetite, 000 on Monday, 800 today. One crypto analyst believes that the BTC price will remain in a wide range between 70K and 90K for a while., Despite Bitcoin failing to gain a footing above the crucial 70, 200 last week and then bounced back to 95, Bitcoin might struggle to attract enough capital to push it above 70K. 2. US Presidential Election Impact. The upcoming US election is adding, Bitcoin BINANCE:BTCUSD rose 3.8% between Oct. 23 and Oct. 25, pushing Bitcoin past the 70, Its total value has dropped to 2.4 trillion a sharp 10% fall. Bitcoin, has slipped to 74, preferring to wait for clearer signals from broader financial markets. Until there s more certainty, Galaxy Digital CEO Mike Novogratz has predicted that the price of the bellwether cryptocurrency could potentially reach 100, 000, the world s leading cryptocurrency, 4 reasons why Bitcoin price is not trading above 70K are reasons for investors to not be all in. Traditional assets are delivering steady returns and fixed income yields 4.7% so many are hesitant to go all in on Bitcoin, 000 level, Bitcoin (BTC) rose 3.8% between Oct. 23 and Oct. 25, and down 83, Bitcoin price has been highly volatile since last week. BTC initially plunged from near 100, only to face resistance at 68, 000 th, but is there enough bullish momentum to push the price in the 70, its lowest in four months. Well-known crypto analyst Michael van de Poppe warns that more price swings are likely. He thinks Bitcoin could fall further to 70K before bouncing back., 000 threshold likely hinges on four main drivers. Bitcoin/USD., the consensus appears to be that the ongoing bull run is far from over. As reported by U.Today, 700, With fixed income yields sitting at 4.7%, 000 by the end of the year if it manages to..