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Bitcoin Surges Above $70,000 Again: What’s Next for BTC? Top Analysts’ Price Predictions

Bitcoin (BTC) closed on Monday above $70,000 for the first time since March 15. The surge in BTC price, according to some analysts, can be attributed to notable accumulation by stakeholders. The coin, as of writing, has had a 3.9% increase within the last 24 hours. This price surge has prompted some analysts to suggest that the coin is on its way to a new all-time high.

Revealing what led to the price spike, Santiment, a crypto analytics platform on its X that provides on-chain information, revealed that wallets holding between 10 and 10,000 BTC collectively accumulated 51,959 Bitcoin on Sunday alone. This figure translates to 0.263% of the entire coin supply being scooped up within a 24-hour period.

🐳📈 #Bitcoin has just caught traders off guard (as usual) with a huge rebound ascension to $70K. Why? Key #Bitcoin stakeholders had one of their single largest accumulation days in years.

🔼51,959 collective License.

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