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Bitcoin Surpasses $70,000 Mark As Halving Looms: Trader Sees BTC ‘Less Than 4% From A Huge Breakout’

Bitcoin (CRYPTO: BTC) has seen significant gains, closing seven consecutive months in the green for the first time. Analysts are optimistic about Bitcoin’s bullish momentum, anticipating a $150,000 peak. What Happened: MicroStrategy chairman Michael Saylor tweeted that “Bitcoin is better” as gold reached all-time highs. MicroStrategy owns 214,246 Bitcoins. Analysts point to the upcoming quarterly expiry of Bitcoin and Ethereum option contracts on Deribit, which could lead to price volatility. Contracts worth $9.5 billion (Bitcoin) and $5.7 billion (Ethereum) will settle on Friday, March 29. Al…

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