đȘ BTC needs to hold this support level before challenging the $73.8k ATH.
đ§Ș Bitcoinâs 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 đ„
