🚀 Bitcoin's price is unlikely to dip back to $50k, says UTXO Management's senior analyst, Dylan LeClair. Instead, he predicts a rise to the $70k-$75k range, which could liquidate $174.17m-$271.92m worth of short positions. 📈 While a drop to $50k could trigger long position liquidations, LeClair finds it unlikely due to higher support levels and a "lack of immediate froth" in the derivatives market. He also cites BlackRock's recent Bitcoin ETF update as a positive sign. What's your take? Will Bitcoin soar or sink? Let's discuss! 👇