After breaking through the resistance at 67,000 yesterday, Bitcoin has been rising all the way, reaching a high of 70,000. The daily gain was 8%—it’s been a long time since it moved like this. In the short term, a new upward trend has formed. If it breaks the 127.2 to 138.2 range, you can expect the next target at 72.6k. The final bullish target is at 76.1k, which is also the highest price this rebound can reach. However, for now you still need to watch the resistance zone between 127.2 and 138.2. As for the weekly chart, it still hasn’t reversed; it remains a bearish trend, and a bottom hasn’t appeared yet—so you’ll need to be patient a bit longer.
$BTC