Bitcoin’s consolidation nears ‘turning point’ as $70K comes in focus: Analyst
Bitcoin’s sideways price action begins to narrow as a key trading metric hints that a decisive breakout is pending. Will bulls finally overcome the $70,000 resistance zone?
Bitcoin (BTC) trades in a tight $65,000–$70,000 range on Wednesday, a structure that has held for the past two weeks.
The lower time frames show a bullish divergence, signaling fading short-term selling pressure, while futures data indicate fresh long positions opened from $66,000.
Analysts say the compression may precede a breakout attempt, with liquidity clusters below $66,000 and above $71,000 being the zones that may define the next directional move.
