According to analyst Kamile Uray, the $70,467 level on the 4-hour chart has now become a critical pivot point. As long as BTC continues to hold above this level, the structure remains supportive of further upside.
Bearish Engulfing Hints At Shift In Market Control Bears are gradually stepping in and building a stronger case for a pullback. A decisive break below the $73,700 level could accelerate the move toward the lower boundary of the rising wedge. If that structure breaks to the downside, Bitcoin could extend its decline toward the monthly open region around $65,000 over the coming weeks.
