Bitcoin analyst sees ‘scary’ BTC price upside as funding flat at $73K
BTC price gains are seen continuing after a brief support retest, but it is the lack of interest or market overheating causing the real stir.
Bitcoin coiled below all-time highs on Oct. 30 as commentators struggled to believe the calm market reaction.
BTC price offers welcome support retest near $72,000
Data from Cointelegraph Markets Pro and TradingView showed BTC price upside cooling after reaching $73,500 on Bitstamp the day prior.
Consolidation, which traders welcomed as a chance to reinforce newly reclaimed support, had nonetheless left $71,000 intact at the time of writing.
“Bitcoin Has now taken out every major lower high from this year except for the all time high. It came within close proximity but wasn’t able to sweep it just yet,” popular trader Daan Crypto Trades commented in part of his latest post on X.
“Honestly better it rejects before to make an equal high vs sweeping it. As this way it’s more likely it will go for that high at another point.”
https://cointelegraph.com/news/bitcoin-analyst-scary-btc-price-upside-funding-73-k
https://cointelegraph.com/news/bitcoin-analyst-scary-btc-price-upside-funding-73-k
$CME Bitcoin - main 2410(BTCmain)$
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