PI Surges as Bitcoin Eyes $70K

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PI has surged by almost 20% since its latest all-time low registered just a few days ago.

Bitcoin’s impressive price ascent that began late on Friday drove the asset to a multi-day low of just under $70,000, where it faced some resistance.

The altcoin space is filled with notable gainers as well, with ETH surging toward $2,100, SOL going to $86, and XRP aiming at $1.45.

BTC Eyes $70K
After dumping to $60,000 on February 6, the primary cryptocurrency bounced off to $72,000 almost immediately but couldn’t penetrate that level and was sent south toward $68,000. The following several days were quite underwhelming as BTC spent them trading sideways between $68,000 and $72,000.

The upper boundary rejected the latest attempt on February 10, and bitcoin began to lose value rapidly, going down to $66,000 on February 12 and $65,000 on Friday morning. However, the bulls managed to defend that support and actually helped BTC reverse its trajectory.

They initiated a notable leg up that drove bitcoin to $68,000 $69,000 on Friday evening. After it stalled there for some hours, the bulls pushed the asset further to almost $70,000 on Saturday morning, but that resistance is yet to fall.


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