$BTC at $70K: A "Whale Trap" or the Final Dip Before $90K? 📉🚀
Analysis:
Bitcoin is currently trading near $70,483, up 2.96% in the last 24 hours. While we’ve seen recent volatility, on-chain data shows whale addresses holding >1k BTC are at their highest levels in months. This suggests that the recent drop was a liquidity hunt to flush out high-leverage longs. Technically, if BTC reclaims the $72,500 level with volume, the path to a new ATH is wide open.
Entry Zone: $69,500 – $70,500
Target 1: $74,000 (Local Resistance)
Target 2: $84,000 (Macro Re-confirmation)
Stop Loss: $67,200
Sentiment: Cautiously Bullish.
CTA: Are you buying this consolidation or waiting for a lower entry? Let’s talk in the comments!
#BTC #BitcoinAnalysis #Write2Earn