$BTC analysis.
There is resistance at the high of the last cycle between 69 and 70k. There’s also a ton of supply around the 72k mark. Volume and demand exploded last time Bitcoin made a lower low. This has resulted in a massive reversal and bullish trend. Will this resistance or supply be enough to outweigh the booming amounts of demand? Time will tell but I do not think so. In my opinion, the local bottom is in and we will see sideways trading and a new ATH in the coming weeks.
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This post is an opinion only and may not be used as financial advice.