Bitcoin bulls push $68K as US rebound lifts BTC price 7% in a day

BTC price targets now aim for the 2021 all-time highs of $69,000 as optimism on Bitcoin rises.

• Bitcoin matched three-day highs at the July 26 Wall Street open as excitement built around the Bitcoin 2024 conference.
• Data from Cointelegraph Markets Pro and TradingView confirmed Bitcoin (BTC) price highs of $67,963 on Bitstamp.
• BTC price action shrugged off mixed United States inflation data to preserve gains throughout the Asia trading session.

Bitcoin shrugs off mixed PCE data

Despite mixed economic data, Bitcoin continued to rise, aligning with US stock market gains. Traders are anticipating a breakout soon, with projections reaching up to $85,000.

With the weekend approaching, Bitcoin’s price volatility is expected to increase as Donald Trump addresses the Bitcoin 2024 conference. Trump’s presence at the conference is seen as a bullish catalyst for the crypto market.

Readers should note that this article does not contain investment advice or recommendations. It’s important to conduct your own research before making any investment decisions.