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Bitcoin’s consolidation nears ‘turning point’ as $70K comes in focus: Analyst

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Bitcoin’s consolidation nears ‘turning point’ as $70K comes in focus: Analyst

3.18%HYPE$28.60 2.47%DOGE$0.09845 2.55%SOL$81.73 4.05%ETH$1,969 1.22%BNB$606.88 1.89%LINK$8.65 2.49%XRP$1.42 3.69%TRX$0.28 0.42%XMR$327.36 1.62%BTC$66,927 0.87%XLM$0.1618 2.62%BCH$556.97 1.09%USD Written by Biraajmaan Tamuly,Staff WriterReviewed by Ray Salmond,Staff EditorBitcoin’s consolidation nears ‘turning point’ as $70K comes in focus: Analyst59 minutes agoBitcoin’s sideways price action begins to narrow as a key trading metric hints that a decisive breakout is pending. Will bulls finally overcome the $70,000 resistance zone? Bitcoin (BTC) trades in a tight $65,000–$70,000 range on Wednesday, a structure that has held for the past two weeks. The lower time frames show a bullish divergence, signaling fading short-term selling pressure, while futures data indicate fresh long positions opened from $66,000. Analysts say the compression may precede a breakout attempt, with liquidity clus

Source: https://cointelegraph.com/news/bitcoin-s-consolidation-nears-turning-point-as-dollar70k-comes-in-focus-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

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