The price of Bitcoin has slipped below $70,000 again. This has come as a surprise to many who think it was ready to hit an all-time high. The following analyst provided a perspective.
According to the analyst, Bitcoin price is following the predicted setup precisely. He noted that a test of the $60,000 to $70,000 range is expected, which he describes as a necessary retest before a potential bullish rally.
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He emphasized that if this retest is successful, it could pave the way for another upward wave, potentially driving Bitcoin towards $80,000.
The analyst’s perspective shows the importance of monitoring these critical price levels. He remains optimistic about the potential for Bitcoin to recover and embark on a rally, provided the retest unfolds as suggested.
