Bitcoin surged last weekend to fulfill analysts’ expectations.
A crypto analyst believes BTC’s Monday pullback is good for the market.
Solana surged to $171, re-establishing bullish momentum.
Bitcoin surged last weekend, meeting the bullish expectations of most analysts. BTC hit $69,363 last Sunday before pulling back as we entered a new week. A crypto analyst on the Altcoin Buzz podcast says Bitcoin’s recent pullback is temporary and expects the cryptocurrency to move upwards unless it falls below critical support.
The analyst stated that multiple daily candles closing above the $66,000 region have made Bitcoin bullish. He sees that level as a notable resistance, especially with Bitcoin’s recent trend pattern. The analyst believes the $66,000 region has become the support that will fuel Bitcoin’s bullish condition.
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However, the analyst also pointed out the potential risks of Bitcoin breaking below this support. While he believes Bitcoin’s Monday pullback is temporary, the analyst said that falling below this level could be critical to Bitcoin’s price developm…
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