Nothing has changed in the last 24 hours for Bitcoin price action this if we take into account that the price has been moving in a very narrow range around $70,000, this low weekend closing volatility has created an optimistic feeling for the bulls, who consider this sideways zone as a pause before the next big upward push.

In this sense and according to information socialized by William Suberg to the news portal Cointelegraph, "Bitcoin gained around $1,000 in the latter part of the day, apparently helped by comments from Jerome Powell, Chairman of the U.S. Federal Reserve."

In Suberg's words, "BTC price analysis reveals key levels, this if you factor in the hurdles for BTC price action below, attention continues to focus on weekly, monthly and quarterly candlestick closes"

It is to report that in this context the for popular trader and analyst Rekt Capital, "the $69,000 was as significant as ever: a close above it would mark Bitcoin's highest close in its history."

From another perspective for trader Kevin Svenson in a chart uploaded to X described the MACD as positioned for a crossover to the upside, coinciding such an event with a possible breakout of the BTC price beyond the all-time highs near $74,000".

I would like to know your appreciation on what is discussed here.

SOURCES CONSULTED

Cointelegraph. Bitcoin price edges toward Q2 at $70K with all-time highs a key focus. Link

OBSERVATION:

The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph