Bitcoin slips below $70k as traders debate the dip
Traders are split on BTC's pullback, with some calling it a normal retrace and others warning of altcoin breakdowns and key weekly close levels.
What we know
A trader calls retraces normal buying opportunities, while another analyst says testing this zone early removes his concern about a push to $90k+. A chart trader says only a weekly close above the 365-day rVWAP saves the structure, and another says alts are breaking down. ZEC wicked into a large liquidation cluster in the high $800s and bounced (per a trader).
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Was expecting this zone on $BTC to be tested *after* our squeeze to 90k+”
View post →“$ZEC Did indeed wick into that area”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.