🚨 Bitcoin reclaims $65K as il Capo targets the $69K–$70K zone next 🚨
Bitcoin continued its climb after the US-Iran ceasefire helped lift risk assets, with price action pushing BTC back above $65,000. Analyst il Capo says the next major resistance zone sits around $69,000 to $70,000, but traders remain split on whether the rally has real strength or is just a liquidity-driven squeeze.
🔑 Key highlights:
🔹️ Bitcoin rose to about $67,000 as the ceasefire agreement between the US and Iran supported broader risk appetite.
🔹️ il Capo of Crypto said Bitcoin has reclaimed $65,000 and identified $69,000 to $70,000 as the next critical zone.
🔹️ BTC gained roughly 1.5% on the day as US stock markets opened.
🔹️ Falling oil prices also helped lift equities, with the S&P 500 and Nasdaq up around 2% to 2.4%.
🔹️ Traders cautioned that the move may be more liquidity-driven than a strong trend breakout.
🔹️ Some analysts see heavy liquidity around the $67,000 area and expect possible short-term selling pressure there.
🔹️ Glassnode data shows a concentration of open positions around $65,000, which could support price in the near term.
🎯 Bottom Line: Bitcoin is climbing, but the market still sees $69K–$70K as the real test.
https://en.bitcoinsistemi.com/bitcoin-goes-up-bullish-analyst-il-capo-sets-the-next-target/