Bitcoin hovers below key resistance level, analysts show clear disagreement over future trend
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Bitcoin price is holding near $71,200, without breaking through the key resistance at $75,000. Bloomberg analyst Mike McGlone warns that failure to break through could see it drop to $10,000; Fundstrat analyst Tom Lee believes the market bottom is already behind us. Ethereum price remains relatively stable, while MANA and AERO have risen by 6%. The surge in MANA is mainly due to a 25% spike in leveraged open interest. Traders are watching to see if Bitcoin can break through and hold above $75,000, which could drive capital inflows into the oversold altcoin sector.
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