According to information disclosed by William Suberg for the cryptocurrency news portal, Bitcoin is reportedly clinging to the USD 67,000 level, but an analysis warns of a percentage pullback estimated at a likely 10%.
However, Bitcoin resistance levels crystallize around USD 70,000, and even according to data from Cointelegraph Markets Pro and TradingView showed bulls maintaining the week's upside, with cumulative gains for the month now above 10%.
On the other hand, according to popular trader Daan Crypto Trades, "Price took out a big cluster around USD 67,400, but there are still some important levels around USD 68,000. ~USD 72,000 and above is where most of the liquidity is right now."
Similarly, popular trader and analyst Rekt Capital reinforced the hopeful outlook for Bitcoin, suggesting that only 1% of the cryptocurrency's price stood between the current action and a new chapter in the bull market.
For trader and commentator Credible Crypto, "The blue zone at $62,000-63,000 remains an area of interest that may offer some temporary relief, but ultimately, I think it will give way."
SOURCES CONSULTED
Cointelegraph. Bitcoin clings to $67K, but analysis warns of 10% BTC price drop next. Link
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