What's Next for Bitcoin After Historic Rally? Experts Weigh In
Bitcoin rose above $72,000, reaching its highest level since June and liquidating more than $3 billion in bearish positions. The move was helped by spot Bitcoin ETF inflows, U.S. Treasury bond buybacks viewed as liquidity-positive, and comments from Donald Trump about a possible U.S. Bitcoin purchase. Analysts said the rally improved technicals after Bitcoin reclaimed its 200-day moving average near $69,000, with $72,824 and then $80,000 as key resistance levels. But several warned the surge was driven more by short covering than fresh demand, making it vulnerable if new buyers do not step in. They said confirmation of a true bull market would require stronger spot demand, bullish funding rates, and broader accumulation by large holders. Some remain constructive on the medium term, but most expect Bitcoin to trade in a range unless macro conditions and policy expectations improve further.
