Bitcoin’s strong counterattack, analysts echo the bull market clarion call: The $70,000 mark is ready to go!

On Tuesday this week, the global financial market ushered in an exciting wave-Bitcoin finally showed a strong reversal momentum after six months of continuous downturn, announcing that it has officially returned to the bull market track. This positive change quickly attracted the attention and recognition of many well-known analysts and senior traders, who all spoke out and confirmed that Bitcoin has reignited the bull market.

Market leaders such as BlackRock CEO have also joined this optimistic camp, and their firmly bullish attitude has further boosted market confidence. In this context, whether Bitcoin + Exchange Junyang: 954737157 can cross the important psychological threshold of US$70,000 before the end of summer has become a hot topic within and outside the industry.

From a technical analysis perspective, Bitcoin not only successfully regained the key 200-day moving average (EMA), but also won the firm support and favor of long-term investors, thus significantly reducing the selling pressure in the market. Many industry experts pointed out that with the gradual collapse of the resistance level of $60,000, the target price of $70,000 is no longer an unattainable fantasy. More optimistic analysts predict that if this upward trend continues, Bitcoin is expected to hit US$85,000 before the end of September, or even reach a record high of US$100,000.

As market sentiment continues to recover, whether Bitcoin can continue its current strong rise is not only another test of investor confidence, but also indicates that the entire cryptocurrency market is about to open a new development chapter. Has the bull market really returned in full force? Let us look forward to and witness the arrival of this historical moment together!

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