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Bitcoin (CRYPTO: BTC) analysts have identified $76,000 as the early warning level that determines whether the cryptocurrency runs to $95,000 or crashes back to $70,000.
The $76,000 Early Warning Signal
Prominent analyst DonAlt from Technical Roundup says $76,000 represents the previous month’s high and serves as the first test of whether the current breakout will hold.
A move below $76,000 doesn’t kill the rally but signals early weakness.
“I think 76 is quite aggressive, but if you’re trading lower time frames, I think that does make sense,” Don said.
“I’m just kind of looking at $70,000. If we start losing $70,000 again, I think then it’s truly over this time,” he added.
The weekly open sits at $70,000, which represents the origin of the entire impulse. Losing that …
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