Bitcoin is showing massive strength today! After hitting a high of $71,220, price is currently consolidating around $70,940. 🔥
Key Technical Insights:
Bullish Momentum: $BTC is trading well above the MA(7) and MA(25) lines, indicating strong buying pressure. 📈
Resistance Alert: We saw a minor rejection at $71,220. A clean breakout above $71,300 could trigger the next big rally.
Support Level: If a correction happens, watch the $70,160 area for a potential bounce back.
What's your prediction? Are we hitting $75,000 soon or heading back to $68,000? Let me know in the comments! 👇
BTC
68,855.67
-3.12%