🚀Bitcoin briefly soared past $70K, marking a week-high before settling back into its usual trading range. Despite the sideways price action, Bitfinex analysts are optimistic, hinting the correction phase could be nearing its end.🔍

Long-term holders, who were key to Bitcoin's correction from all-time highs, are now re-accumulating BTC, a first since December 2023. New BTC and ETH accumulation addresses are also on the rise, signaling bullish sentiment despite price stability.📈

However, Swissblock warns $70K and $73K levels pose significant resistance. Short-term pullbacks are seen as buying opportunities, with $67K proving to be a reliable support.🛡️

Next week could be a wild ride with key inflation data and Federal Reserve meeting on the horizon.🎢 What's your take on this? Let's chat in the comments! #Bitcoin #CryptoNews