In a recent analysis, BRN analyst Valentin Fournier suggested that Bitcoin could revisit the $62,500 support level in the near future.
Fournier noted that the market appears to be in an accumulation phase and no significant directional movement is expected at this time.
“We believe the market is currently in an accumulation phase and will potentially retest the $62,500 support in the near future,” Fournier said.
Since no major movement is expected, we recommend reducing exposure.”
