Bitcoin price rally in progress but upside may be capped at $84K

Analysts say Bitcoin’s rally has begun, but the upside may be capped at an average spot BTC ETF cost basis near $84,000.

Market analysts said Bitcoin’s (BTC) latest rally to $78,000 means that the uptrend has begun, but the upside could be capped at $84,000, based on several key metrics.

Key takeaways:

Bitcoin profitability metrics say that BTC has entered the early stages of a “real rally.”

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