BITCOIN PRICE PROJECTIONS: BTC RETURNS TO THE 200-DAY AVERAGE, TARGET $71,500-$72,000

Coimpaper reported that the current price target for Bitcoin (BTC) is US$ 71,500 to US$ 72,000 after returning to a simple 200-day moving average. The BTC has been strengthened in its short-term structure after many resistance positions, and is now facing a critical test of $70,500, while the $67,000 to $67,200 area has become a major pillar for many to defend. The BTC experienced a significant increase from the $63,000 support area, regaining a number of price levels that had previously prevented a rebound. According to the analyst, maintaining above $67,200 would allow the recall to be seen as normal integration rather than as evidence of a breakthrough。