Bitcoin Ready To Break $73,800: Charts Say Yes

Bitcoin continues to grind higher. At press time, BTC is changing hands above $73,400, and buyers are in charge

Dalmas Ngetich•Thursday, March 14, 2024•1 min read

Bitcoin continues to grind higher and is likely to surpass expectations today. At press time, BTC is changing hands above $73,400, and buyers are in charge. Even though the upside volatility has decreased as the coin charts new territory, the failure of bears to dent bulls’ confidence is massive for sentiment.

The coin is up 2% on the last day and up 12% in the previous week. The upswing in price and demand for the coin means its market cap is also up. It is at over $1.4 trillion, roughly up 1.45%. Even so, there is an unusual drop in trading volume. There are slightly over $48 billion of BTC changing hands over the last day, down 21%. This figure stood at over $60 billion in the early Asian session on March 13.

Bitcoin daily price chart for March 14

Important Bitcoin news to watch today include:

The NYSE has informed the United States Securities and Exchange Commission (SEC) of plans to list and trade 7RCC spot Bitcoin and Carbon Credit Futures ETF shares. The product will trade under the ticker, BTCK. It aims to provide investors with exposure to digital assets alongside carbon credits.
In a recent interview, Peter Schiff, the Bitcoin critic, regretted why he never bought the coin “quietly.” Schiff said he never believed in the coin’s fundamentals. Late last year, Schiff said BTC was a “Ponzi scheme.”