BITCOIN - 72K Retest: Are We Poised for Growth?

BTCUSDT.P is rallying from $67,700 due to a local shift in the fundamental landscape in the Middle East. The flagship cryptocurrency is testing $72,000



The de-escalation of the conflict and the temporary pause have had a positive impact on the S&P 500 and Nasdaq indices, which in turn has affected the cryptocurrency market, making them more attractive amid falling oil prices and a weakening dollar
Bitcoin is testing 72K; Tuesday’s session is closing fairly close to this level, and the price’s reluctance to decline signals potential upside momentum. If consolidation continues, this will be a positive sign for a possible breakout above 72K. A close above this level could trigger a rally toward 74K–75K

Resistance levels: 72,000, 74,000
Support levels: 71,200, 70,250

However, it cannot be ruled out that the market may form a correction (due to liquidity) with the aim of closing the imbalance zone and testing the 70,253 support level before rising.

Best regards, R. Linda!