Bitcoin climbed above $71,500 on Tuesday, reaching its highest level of the week as cryptocurrency markets followed a broader rebound in global stocks. However, analysts say the rally could face resistance in the near term.
Data from market trackers showed BTC gaining around 4.5% in a day, briefly trading above $71.5K during early Wall Street trading. The move mirrored a relief rally in equity markets, with the S&P 500 and Nasdaq Composite also posting modest gains.
Despite the upward momentum, traders are warning that liquidity conditions could trigger a short-term correction. Some analysts point to a significant liquidation...