Bitcoin analysis is considered noise until breakout above $70,000, signaling important milestone for traders

From Cointelegraph: 2024-05-17 02:02:26

Bitcoin’s price breaking above $70,000 will be an important signal for traders, says analyst Mati Greenspan. However, until this milestone is reached, analysis is considered “pretty futile.”

Greenspan’s comments come as Bitcoin hovers around the $64,000 mark, showing signs of consolidation before potentially making another move upward.

Read more at Coin Telegraph: Bitcoin analysis mostly ‘noise,’ a $70K breakout is what matters