TL;DR: $BTC has broken past key resistance. AI models and on-chain data support a bullish continuation toward $75K–$80K by May.
Bitcoin just shattered the psychological $70,000 barrier—a price level traders have watched for months. But is this the top, or just the beginning?
**Why It Matters**
1. **Technical Breakout**: BTC has broken out of a symmetrical triangle pattern on the daily chart.
2. **MVRV Ratio**: Currently ~2.6, under the historical overbought threshold of 3.0.
3. **Short-Term Holder Supply**: Rising, showing increasing market confidence.
**AI Model Forecasts**
Sentiment-driven AI models indicate bullish continuation. Forecast range: $75,000–$78,000 within 3–4 weeks.
**Strategy**
- Entry: Under $71,000
- Target: $77,000
- Stop Loss: $67,800
$BTC #Bitcoin #Crypto #AIAnalysis