{"id":600023,"date":"2024-03-27T16:00:30","date_gmt":"2024-03-27T16:00:30","guid":{"rendered":"https:\/\/wncen.com\/?p=600023"},"modified":"2024-06-11T14:41:35","modified_gmt":"2024-06-11T14:41:35","slug":"will-bitcoin-break-74000-driven-by-tradfi-fomo","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/","title":{"rendered":"Will Bitcoin Break $74,000 Driven By TradFi FOMO?"},"content":{"rendered":"

Willy Woo, an on-chain analyst,\u00a0<\/span>believes<\/span><\/a>\u00a0the Bitcoin upswing is far from over. Citing the development in the Bitcoin Macro Oscillator and the possibility of traditional finance jumping on the bandwagon (FOMO), the odds of BTC rallying in at least two strong legs up in the coming session could not be discounted.\u00a0<\/span><\/p>\n

On-Chain Data Signals More Upside For Bitcoin<\/span><\/h2>\n

In a post on X, Woo remains confident about what lies ahead for the world’s most valuable cryptocurrency. Based on on-chain development, there are indicators that the coin may firmly push higher, breaking above the current lull.<\/span><\/p>\n

Related Reading: AI Tokens Fetch.AI, AGIX, OCEAN Talk Merger, Surge Double Digits<\/a><\/div>\n

Bitcoin remains mostly range-bound when writing, trading within a tight zone capped by $73,800 on the upper end and $69,000 as immediate support. Even with analysts being confident of what lies ahead, the coin has failed to overcome strong selling momentum<\/a> from sellers to breach all-time highs in a buy-trend continuation.<\/span><\/p>\n

\"Bitcoin<\/a>
Bitcoin price trending upward on the daily chart | Source: BTCUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

From how the coin is set up, the current sideways movement may be accumulation or distribution, depending on the breakout direction. For instance, any upswing above $72,400 might spur demand, lifting the coin towards $73,800. Conversely, losses below $69,000 and the middle BB might see BTC slump to March 5 lows or even lower.<\/span><\/p>\n

Will TradFi FOMO And Short Squeeze Lift BTC?<\/span><\/h2>\n

Even with the slowdown in upside momentum, Woo says there is strong potential for “another solid leg up.” The analyst also added that there could be two surges if TradFi investors “FOMO” into Bitcoin. In the 2017 bull run, the rally to $20,000 was primarily due to retailers jumping in and FOMOing on the coin.\u00a0<\/span><\/p>\n

With spot Bitcoin exchange-traded funds (ETFs) available in the United States, speculation is that more institutions and high-net-worth individuals are buying the coin. If BTC rips higher, breaking $74,000, more inflow will likely be into the multiple spot Bitcoin ETFs, fueling demand.<\/span><\/p>\n

Related Reading: Litecoin ETF Rumors Fuel 10% Surge As Institutions Hint At Interest<\/a><\/div>\n

This bullish outlook comes when other analysts expect Bitcoin to surge in the sessions ahead. In a post on X, one analyst\u00a0<\/span>says<\/span><\/a>\u00a0the incoming short squeeze will likely propel the coin above March highs. Whenever a short squeeze happens, prices rise, forcing sellers to buy back at higher prices, accelerating the uptrend.<\/span><\/p>\n

\"\"<\/p>\n

The assessment is behind a record-breaking gap between institutional investors betting on price increases and hedge funds selling the coin.\u00a0<\/span><\/p>\n

Feature image from DALLE, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

Willy Woo, an on-chain analyst,\u00a0believes\u00a0the Bitcoin upswing is far from over. Citing the development in the Bitcoin Macro Oscillator and the possibility of traditional finance jumping on the bandwagon (FOMO), the odds of BTC rallying in at least two strong legs up in the coming session could not be discounted.\u00a0 On-Chain Data Signals More Upside For Bitcoin In a post on X, Woo remains confident about what lies ahead for the world’s most valuable cryptocurrency. Based on on-chain development, there are indicators that the coin may firmly push higher, breaking above the current lull. Related Reading: AI Tokens Fetch.AI, AGIX, OCEAN Talk Merger, Surge Double Digits Bitcoin remains mostly range-bound when writing, trading within a tight zone capped by $73,800 on the upper end and $69,000 as immediate support. Even with analysts being confident of what lies ahead, the coin has failed to overcome strong selling momentum from sellers to breach all-time highs in a buy-trend continuation. From how the coin is set up, the current sideways movement may be accumulation or distribution, depending on the breakout direction. For instance, any upswing above $72,400 might spur demand, lifting the coin towards $73,800. Conversely, losses below $69,000 and the middle BB might see BTC slump to March 5 lows or even lower. Will TradFi FOMO And Short Squeeze Lift BTC? Even with the slowdown in upside momentum, Woo says there is strong potential for “another solid leg up.” The analyst also added that there could be two surges if TradFi investors “FOMO” into Bitcoin. In the 2017 bull run, the rally to $20,000 was primarily due to retailers jumping in and FOMOing on the coin.\u00a0 With spot Bitcoin exchange-traded funds (ETFs) available in the United States, speculation is that more institutions and high-net-worth individuals are buying the coin. If BTC rips higher, breaking $74,000, more inflow will likely be into the multiple spot Bitcoin ETFs, fueling demand. Related Reading: Litecoin ETF Rumors Fuel 10% Surge As Institutions Hint At Interest This bullish outlook comes when other analysts expect Bitcoin to surge in the sessions ahead. In a post on X, one analyst\u00a0says\u00a0the incoming short squeeze will likely propel the coin above March highs. Whenever a short squeeze happens, prices rise, forcing sellers to buy back at higher prices, accelerating the uptrend. The assessment is behind a record-breaking gap between institutional investors betting on price increases and hedge funds selling the coin.\u00a0 Feature image from DALLE, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":599685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,90741,679,1119,78790,89583],"class_list":["post-600023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-fomo","tag-bitcoin-price","tag-btc","tag-btcusdt","tag-spot-bitcoin-etfs"],"acf":[],"yoast_head":"\nWill Bitcoin Break $74,000 Driven By TradFi FOMO?<\/title>\n<meta name=\"description\" content=\"Bitcoin will likely surge even higher in the coming sessions. Analyst cites on-chain development and picks out potential drivers\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will Bitcoin Break $74,000 Driven By TradFi FOMO?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin will likely surge even higher in the coming sessions. Analyst cites on-chain development and picks out potential drivers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-27T16:00:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:41:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dalmas Ngetich\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Dalmas_Ngetich\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dalmas Ngetich\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/\"},\"author\":{\"name\":\"Dalmas Ngetich\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\"},\"headline\":\"Will Bitcoin Break $74,000 Driven By TradFi FOMO?\",\"datePublished\":\"2024-03-27T16:00:30+00:00\",\"dateModified\":\"2024-06-11T14:41:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/\"},\"wordCount\":429,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024\",\"keywords\":[\"bitcoin\",\"Bitcoin FOMO\",\"bitcoin price\",\"btc\",\"BTCUSDT\",\"spot Bitcoin ETFs\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/\",\"url\":\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/\",\"name\":\"Will Bitcoin Break $74,000 Driven By TradFi FOMO?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024\",\"datePublished\":\"2024-03-27T16:00:30+00:00\",\"dateModified\":\"2024-06-11T14:41:35+00:00\",\"description\":\"Bitcoin will likely surge even higher in the coming sessions. Analyst cites on-chain development and picks out potential drivers\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin price\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Will Bitcoin Break $74,000 Driven By TradFi FOMO?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\",\"name\":\"Dalmas Ngetich\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"caption\":\"Dalmas Ngetich\"},\"description\":\"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/\",\"https:\/\/x.com\/Dalmas_Ngetich\"],\"url\":\"https:\/\/wncen.com\/author\/dalmasngetich\/\"}]}<\/script>\n","yoast_head_json":{"title":"Will Bitcoin Break $74,000 Driven By TradFi FOMO?","description":"Bitcoin will likely surge even higher in the coming sessions. Analyst cites on-chain development and picks out potential drivers","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/","og_locale":"en_US","og_type":"article","og_title":"Will Bitcoin Break $74,000 Driven By TradFi FOMO?","og_description":"Bitcoin will likely surge even higher in the coming sessions. Analyst cites on-chain development and picks out potential drivers","og_url":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-03-27T16:00:30+00:00","article_modified_time":"2024-06-11T14:41:35+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024","type":"image\/jpeg"}],"author":"Dalmas Ngetich","twitter_card":"summary_large_image","twitter_creator":"@Dalmas_Ngetich","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Dalmas Ngetich","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/"},"author":{"name":"Dalmas Ngetich","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586"},"headline":"Will Bitcoin Break $74,000 Driven By TradFi FOMO?","datePublished":"2024-03-27T16:00:30+00:00","dateModified":"2024-06-11T14:41:35+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/"},"wordCount":429,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024","keywords":["bitcoin","Bitcoin FOMO","bitcoin price","btc","BTCUSDT","spot Bitcoin ETFs"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/","url":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/","name":"Will Bitcoin Break $74,000 Driven By TradFi FOMO?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024","datePublished":"2024-03-27T16:00:30+00:00","dateModified":"2024-06-11T14:41:35+00:00","description":"Bitcoin will likely surge even higher in the coming sessions. Analyst cites on-chain development and picks out potential drivers","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024","width":1792,"height":1024,"caption":"Bitcoin price"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Will Bitcoin Break $74,000 Driven By TradFi FOMO?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586","name":"Dalmas Ngetich","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","caption":"Dalmas Ngetich"},"description":"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Will Bitcoin Break $74,000 Driven By TradFi FOMO?","url":"http:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/will-bitcoin-break-74000-driven-by-tradfi-fomo\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin fomo","bitcoin price","btc","btcusdt","spot bitcoin etfs"],"dateCreated":"2024-03-27T16:00:30Z","datePublished":"2024-03-27T16:00:30Z","dateModified":"2024-06-11T14:41:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Will Bitcoin Break $74,000 Driven By TradFi FOMO?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/will-bitcoin-break-74000-driven-by-tradfi-fomo\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/will-bitcoin-break-74000-driven-by-tradfi-fomo\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/DALL\\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/DALL\\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin fomo\",\"bitcoin price\",\"btc\",\"btcusdt\",\"spot bitcoin etfs\"],\"dateCreated\":\"2024-03-27T16:00:30Z\",\"datePublished\":\"2024-03-27T16:00:30Z\",\"dateModified\":\"2024-06-11T14:41:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/DALL\u00b7E-2024-03-26-08.29.56-A-sleek-modern-title-image-featuring-a-large-shining-Bitcoin-symbol-centered-prominently-against-a-dynamic-digital-background.-The-scene-exudes-a-s.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600023"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=600023"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/599685"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=600023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=600023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=600023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}