A sucker’s rally? Why Bitcoin analysts say BTC price must hold $70K
A slowdown in profit-taking and defending the 200-week EMA support at $68,000 are prerequisites for BTC to break the next big hurdle at $75,000.
Bitcoin (BTC) is up 8% on Wednesday to trade above $73,000, a level that has stopped every recovery attempt over the last three weeks. Analysts reveal why Bitcoin must hold $70,000 to secure the recovery.
Key takeaways:
Profit-taking on rallies to $70,000 must cool down for a sustained breakout in BTC price.