Analysis: BTC Breaks Through $71,5K Local High but Significant Divergence in Outlook, Analysts Warn Bears May "Enter the Market"

Odaily News Bitcoin rose by approximately 4.5% in a single day, breaking through the local high of $71,500. Despite the ongoing geopolitical tensions in the Middle East and global oil price volatility, Asian and U.S. stock markets performed steadily, with the S&P 500 and Nasdaq Composite Index rising by about 0.5%. However, analysts' views appear to be diverging:

1. Trader Jelle stated on X: "The market is about to indicate the next direction. If the resistance level is reclaimed again, the bulls have a short-term advantage; if it faces rejection, a deviation + bearish retest could make $60,000 the next target."

2. Analyst Michaël van de Poppe pointed out that Bitcoin, boosted by the Nasdaq's "strong rebound," is likely to rise further: "The dip triggered by the sudden spike in oil prices has been digested, and the market is now recovering. With reduced uncertainty in the Middle East, Bitcoin and altcoins are expected to see more upside."

3. CryptoReviewing, co-founder of the anonymous trading community Wealth Capital, believes that the $68,000 level is a key observation point, stating it is where the largest single liquidation cluster is located, and a sweep-and-drop scenario is possible.

4. Independent analyst Filbfilb stated in a YouTube video that Bitcoin lacks sufficient momentum to reclaim that moving average support and expects bears to enter the market near the 50-day moving average. (Cointelegraph)