$BTC

BTC

65,459.22

-2.46%

at $70K: A "Whale Trap" or the Final Dip Before $90K? 📉🚀

Analysis:
Bitcoin is currently trading near $70,483, up 2.96% in the last 24 hours. While we’ve seen recent volatility, on-chain data shows whale addresses holding >1k BTC are at their highest levels in months. This suggests that the recent drop was a liquidity hunt to flush out high-leverage longs. Technically, if BTC reclaims the $72,500 level with volume, the path to a new ATH is wide open.

Entry Zone: $69,500 – $70,500

Target 1: $74,000 (Local Resistance)

Target 2: $84,000 (Macro Re-confirmation)

Stop Loss: $67,200

Sentiment: Cautiously Bullish.

CTA: Are you buying this consolidation or waiting for a lower entry? Let’s talk in the comments! #BTC #BitcoinAnalysis #Write2Earn