Bitcoin Probes $71,500 as Resistance Concerns Plague Bulls
Cointelegraph
Bitcoin briefly surpassed $71,500, but analysts warn that key resistance levels could lead to a drop toward $60,000.Summary
Bitcoin experienced a relief bounce, pushing past $71,500 following gains in US stock indices like the S&P 500 and Nasdaq, despite ongoing geopolitical tensions. Analysts are divided on the next move: some suggest reclaiming short-term resistance could lead to new highs, while others warn that rejection at current levels, particularly around the 50-day Simple Moving Average near $73,640, could trigger a retest of lower levels, with $60,000 being a potential target. Furthermore, some indicators suggest a local top around $71,300, and there is speculation that Bitcoin might sweep long liquidity sitting at $68,000 before any significant upward continuation.
(Source：Cointelegraph)