Bitcoin ($BTC ) is on the verge of a massive move: Will it break through and soar to new heights?

After pulling back from the critical $69,500 mark, Bitcoin appears poised for an explosive upward surge. While facing selling pressure, BTC continues to flash bullish signals as it hovers around $67,622, holding firmly at support. Even if the price drops to the $67,500 level, Bitcoin’s strong dominance indicates a potential rally.

If the $68,000 - $70,000 range is conquered with volume, Bitcoin could break through to new all-time highs. Failure to clear this zone could result in a temporary retreat, with key levels at $64,777, $62,000, $59,647, and $50,580 providing crucial support. Weekly closings above $62,000 will be pivotal in maintaining Bitcoin's upward momentum.

Spot ETF approvals are expected to trigger a significant influx of capital, creating the perfect storm for BTC to target $75,000, and ultimately, $80,000 if it surpasses its previous ATH. Moreover, the upcoming US presidential elections could serve as a catalyst for BTC’s rise, with market optimism growing if Donald Trump secures the presidency
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