Captured By Tracy D'souza / 11:35 am on 9 May 2024
Bitcoin has maintained a tight range above $60,000 since May 3, showing signs of stability. Analyst "crypto_birb" with 652,000 followers on X sees the potential for Bitcoin to reach $70,000 this month, a level not seen since April 12. He cited the rising trends of the 200-week and 50-week moving averages as indicators of a bull market, supporting his bullish outlook. If Bitcoin breaks through and sustains above $70,000, it could signal a significant uptrend and renewed optimism in the market.