Bitcoin (BTC) jumped 7.54% over the past 24 hours, breaking through the $65,000 mark. Traders are watching two key indicators, expecting further growth to $70,000. 📈

Anonymous crypto trader Blockchain Mane follows the Gann Fans model, which analyzes the geometric and cyclical movement of the crypto market. If Bitcoin remains bullish, this could be a signal for growth.

However, if we lose this gain, we will likely see sideways movement, a continuation of the downtrend until the end of May.

Blockchain Mane now expects Bitcoin to turn its "previous resistance level" of $63,000 into a new support level, which will be a "bullish indicator".

Meanwhile, the reverse head and shoulders pattern is a bullish indicator, signaling that the downtrend is weakening and buyers are increasing their dominance in the market. If the pattern continues, Bitcoin price could reach the next key price level of $70,000.