• Bitcoin neared $70,000 on July 29, coming close to its all-time high of $73,757.
• Prices peaked at $69,775 during Asia trading hours.
• This surge put Bitcoin within 5.7% of its previous high reached on March 14.
• It’s the highest Bitcoin has traded since June 13.

Analyst “Titan of Crypto” suggested a potential rise to $110,000 based on chart analysis.

Recent positive news around Bitcoin, including discussions at the Bitcoin 2024 conference, have contributed to the bullish sentiment.

Independent presidential candidate Robert F. Kennedy Jr. and Senator Cynthia Lummis addressed plans for a US Bitcoin reserve at the conference.

Former President Donald Trump’s comments on a potential government Bitcoin reserve also added to the positive outlook.

Economic indicators influencing Bitcoin’s movement include the Personal Consumption Expenditures index and an impending Federal Reserve meeting.