Analyst: Forget Bitcoin Hitting $70,000, Prices Must First Fall To This Key Support Level
Summary
Bitcoin's rapid rise to $70,000 may be delayed as a crypto analyst predicts a fall to $30,000, citing historical price trends and the monthly least square moving average. This contrarian view contrasts with optimism following SEC approval of spot Bitcoin ETFs and Wall Street accumulation of BTC. The Fear-and-Greed Index indicates bullish sentiment, but the analyst's prediction suggests a potential retracement before a sustainable long-term trend.
