Bitcoin $70K flush would reset cycle, not confirm new bear market: Analyst - Source: CoinTelegraph

Bitcoin’s recent price weakness has revived investors’ concerns of a deeper downturn, but several market analysts argue that an extended correction may be more constructive over the longer term.

Key takeaways:

• -Analysts say Bitcoin’s downside risk is centered about $65,000 to $75,000.

• -A potential three-day bullish divergence is forming, a setup that could align with a local bottom once momentum stabilizes.

• Story continues: https://cointelegraph.com/news/bitcoin-dollar70k-flush-would-reset-cycle-not-confirm-new-bear-market-analyst