From Cointelegraph: 2024-05-26 04:56:23

Bitcoin remains in a consolidation phase below $70,000, indicating potential further downside movement before breaking new all-time highs.
Investors are closely monitoring the key support levels around $67,000 to gauge the direction of Bitcoin’s next move.
Despite the recent rejection above $70,000, analysts remain bullish on Bitcoin’s long-term prospects, citing institutional interest and adoption as key drivers of growth.
Technical indicators suggest that Bitcoin may experience additional volatility in the near term, with potential support levels at $65,000 and $63,000.
Overall, market sentiment remains positive for Bitcoin, with many investors optimistic about its potential to reach new highs in the coming weeks.

Read more at Cointelegraph: Bitcoin analyst sees ‘several more weeks’ before BTC price breaks $70K