A sucker’s rally? Why Bitcoin analysts say BTC price must hold $70K

A slowdown in profit-taking and defending the 200-week EMA support at $68,000 are prerequisites for BTC to break the next big hurdle at $75,000.

Bitcoin (BTC) is up 8% on Wednesday to trade above $73,000, a level that has stopped every recovery attempt over the last three weeks. Analysts reveal why Bitcoin must hold $70,000 to secure the recovery.

Key takeaways:

Profit-taking on rallies to $70,000 must cool down for a sustained breakout in BTC price. 

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