Bitcoin price is showing signs of recovery after a one-month downward trend in June. According to technical analysis, is it possible for Bitcoin to surpass the psychological level of $70,000 by the end of summer?

Analyst Mustache stated that Bitcoin has broken above an important bull market line. Stating that the selling pressure of long-term Bitcoin owners has stopped, Axel Adler said that this indicates that the bull market continues.

The fact that Bitcoin remains above the 200-day EMA indicates that the bull market is continuing. However, the $60,000 level needs to be broken. Do you think Bitcoin can surpass $70,000? We are waiting your comments.