Bitcoin (BTC) is on the verge of a new all-time high (ATH), trading at $72,398.88 at press time. Crypto analyst Michaël van de Poppe points out that Bitcoin has hit a new ATH in EUR, which suggests a breakout in USD.
Bitcoin has inched 1.76% over the past 24 hours and 9.37% over the past 7 days, resisting its way above $1.43 trillion.
Van de Poppe noted,
“Expecting that we’ll take liquidity in the next 48 hours, and then we’ll have a slight pushback before this train continues.”
He stressed that holding above $70,000 is crucial for maintaining bullish momentum. A failure to break through the $73,344 resistance could lead to a test of lower support levels.
Resistance and Support Levels
Bitcoin’s price is facing resistance between $72,841 and $73,344. Clearing this zone would support a move toward a fresh ATH in USD. If this resistance holds, Bitcoin could revisit support areas around $70,000 or lower.
Recent price action saw strong buying interest at $65,000 and
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