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Bitcoin to $100K? The odds of it happening soon are…

  • Bitcoin’s price went just under the $70k mark.
  • Metrics suggest that BTC will witness a further price correction.

Bitcoin’s [BTC] value has been somewhat in a consolidation phase near the $70k mark for quite a few days. If the latest analysis is to be believed, then investors might not witness an unprecedented price rise in the near term.

Therefore, AMBCrypto planned to check BTC’s metrics to see what to expect from it in the coming week.

Bitcoin has problems ahead

According to CoinMarketCap, BTC’s value just dropped under the $70k mark. The token’s value went down marginally in the last 24 hours. At press time, it was trading at $69,973.35 with a market capitalization of over $1.38 billion.

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