Analyst: Bitcoin breaks through key resistance, may explore the $70,200 area
According to analyst Crypto Feras on X, recent market movements indicate that Bitcoin has successfully broken through a key resistance level, suggesting it may revisit the $72,000 price region. If this area is effectively breached and forms new support, then Bitcoin will enter a new price discovery phase and could trigger extreme bullish sentiment in the market. This breakthrough could signal the start of another frenzied uptrend cycle for the cryptocurrency market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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MoreData: If ETH falls below $3,341, the cumulative long liquidation intensity on major CEXs will reach $1.155 billions
Data: In the past 24 hours, total liquidations across the network reached $235 million, with long positions liquidated for $95.18 million and short positions liquidated for $140 million.
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