Here’s Why It’s Difficult For Bitcoin To Hold $70,000 Before the Next Big Move Up
Bitcoin has been grinding higher, with price edging above $74,000 this week in a move that signals rising demand. The upward trajectory looks constructive on the surface, but underlying dynamics reveal a more complex picture. Several bearish indicators suggest the current advance is not yet a confirmed reversal, and caution remains warranted. Bitcoin Is Looking At A Repetition Of The Past As Bitcoin pushed above $74,000 this week, the 12-hour simple moving average of short-term holder realized profit spiked to $18
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