Bitcoin Clears Key Supply Wall, But Weak Conviction Clouds Bull Market Outlook
Bitcoin’s push to $74,000 demonstrated strength, but heavy profit-taking and low futures activity suggest the rally may lack long-term sustainability. Bitcoin has broken above the upper boundary of its February-March trading range after climbing past $70,000 to touch $74,000 briefly. On-chain data indicates that the asset has moved beyond a dense accumulation cluster formed…
