In spite of the obstacles faced, there are indications of a possible rebound on the daily price chart. Bitcoin’s relative strength index (RSI) reveals a level of resistance at $69,500, implying that any future upward movement in price may find strong support at this level. Moreover, the interest from institutional investors keeps increasing, driven by the endorsement of Bitcoin Spot ETFs and the inclusion of physically backed BTC and Ethereum exchange-traded products on the London Stock Exchange.
Amidst Crypto Market Volatility, Bitcoin (BTC) Bulls Target $70K
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