🪙 BTC needs to hold this support level before challenging the $73.8k ATH.
🧪 Bitcoin’s price is on the verge of making a new all-time high after skyrocketing beyond the $70k line earlier this wee.
Yet, there is still one obstacle remaining as the asset has retraced below that level.
On the daily chart, BTC has been rallying since its rebound from the $60k support level. It has recently been tested and rejected from the higher boundary of the large descending channel. Currently, the price is being supported by the $69k level.
If the line holds, BTC can once again rally toward the higher boundary of the channel and potentially higher toward the $75k resistance zone 🔥$BTC $BNB $ETH
