This Chart Indicates Bitcoin May Be Headed for Record Highs Above $73K
A recent analysis from CoinDesk suggests #Bitcoin could be on track for record highs, potentially exceeding $73,000. A "three-line break chart," which filters out noise from erratic price movements, indicates that the cryptocurrency's seven-month corrective trend may be coming to an end. Bitcoin surged over 5% to $66,000, signaling a bullish outlook, though resistance remains around the $70,000 mark. While the chart points to a potential rally, traders are advised to monitor possible reversals, as failed breakouts could lead to deeper price drops.