Bitcoin Tests $70K–$72K as Analysts Warn of Potential "Final Flush" to $60K Before Sustained Rally
Bitcoin's rebound from $63,000 into the $70,000–$72,000 range may precede a "final flush" rather than confirm a sustained uptrend, several market analysts including EduwaveTrading said. Repeated rejections below descending resistance near $72,000 could push price toward $64,000, then retest the $60,000 level, with the high $50,000s in play if that support breaks with momentum, they noted. A strong 2-hour or daily close above $72,000 with follow-through would invalidate the bearish scenario and potentially open upside targets around $80,000, $84,000 and $90,000, while volatility is expected to persist as BTC trades within a triangular structure between the January downtrend line and support from the $60,000 region. In a related development, Bitcoin Hyper ($HYPER), a Bitcoin Layer 2 project using Solana technology, has raised over $32 million in its presale with tokens priced at $0.0136751 and current staking rewards up to 37%, and can be purchased via the official Bitcoin Hyper website before exchange listing.