$BTC is hovering around the $73,000 level.
A reclaim of the $73,000-$74,000 level could give one final push to Bitcoin.
After that, I'm expecting a reversal to new lows.
$BTC failed to hold above the $72,000 level.
Now, the next key support for Bitcoin is around $69,000-$70,000.
As long as this holds, BTC could have one final pump.
After that, BTC will dump towards new lows.
$BTC has reclaimed the $70,000 resistance zone.
Now, the next crucial zone for Bitcoin is $72,000-$74,000.
A reclaim means Bitcoin will tap March highs.
A rejection means BTC will drop towards the $68,000 zone again.
This is what you'd want to see.
I mentioned earlier that a ceasefire would be a clear direction on the markets.
It happened.
#Bitcoin breaks through the crucial $71K level and builds a bullish structure.
Oil is down and the Strait is open, which means that there's a mean reversion play active on Bitcoin.
The 200-Week MA is at $79K, that's why I mark this level at $80K as the crucial resistance zone.
It resonates with all the liquidity above the highs.
What's crucial to hold for Bitcoin? I'd fancy holding the area at $69.50-70.00K as support.
That would strengthen the entire theory of a higher lows, higher highs and continues the momentum upwards and is likely going to fall alongside a new all-time high on the Nasdaq.