Traders pinpoint three price targets for Bitcoin if $70K holds as resistance

💡 DMK Insight

Bitcoin’s struggle at the $70,000 resistance is a pivotal moment for traders. If this level holds, it could trigger a wave of selling from those who bought at lower levels, creating a significant pullback. On the flip side, a breakout above $70,000 might ignite bullish momentum, drawing in new buyers and potentially pushing prices toward all-time highs. Traders should keep an eye on volume indicators—if we see increased buying pressure as we approach this level, it could signal a breakout. Conversely, if volume drops, it might indicate that sellers are gaining control. Watch for key support around $65,000; a drop below this could signal a bearish trend. In the broader market context, Bitcoin’s performance could influence altcoins, particularly those closely correlated like Ethereum. If Bitcoin breaks through resistance, expect altcoins to rally as well. But if it fails, we might see a broader market correction. The next few days are crucial, so stay alert for any shifts in sentiment around this resistance level.