Bitcoin price has confirmed its price reversal, but can it reclaim the $70,000 mark before the end of summer?
) price has confirmed the trend reversal after June’s month-long downtrend. Could Bitcoin recover above the $70,000 psychological mark until the end of the summer?Bitcoin’s price has recovered from its over one-month downtrend, according to technical analysis from one popular crypto trader.“Bitcoin is back above one of the most important bull market lines . In the previous cycles, it NEVER fell below it until the cycle top . This is a strong sign that the bull market is far from over.
However, bulls first need to decisively reclaim the $60,000 mark, according to popular analyst Captain Faibik, who wrote in a July 14 X“Bitcoin bulls are again trying to clear the Crucial Resistance level at $60K. Once the Breakout is done, the next stop will be $70K.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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