Analysis: BTC breaks through the local high of $71,500, but significant divergence remains; analysts warn that bears may "enter the market"

According to Odaily, Bitcoin surged approximately 4.5% in a single day, breaking through the local high of $71,500. Despite ongoing geopolitical tensions in the Middle East and continued global oil price fluctuations, both Asian and US stock markets performed steadily, with the S&P 500 and Nasdaq Composite Index rising about 0.5%. However, analysts appear to be divided in their views:

1. Trader Jelle stated on X: "The market is about to reveal its next direction. If resistance is reclaimed again, bulls will have a short-term advantage; if rejected, deviation plus a bearish retest could make $60,000 the next target."

2. Analyst Michaël van de Poppe pointed out that Bitcoin is likely to rise further, driven by the Nasdaq's "strong rebound": "The dip triggered by the sudden oil price surge has been absorbed, and now the market is recovering. With reduced uncertainty in the Middle East, Bitcoin and altcoins are expected to see more upside potential."

3. CryptoReviewing, co-founder of the anonymous trading community Wealth Capital, believes that $68,000 is a key level to watch, noting that this is where the largest single liquidation cluster is located, and a sweep followed by a pullback may occur.

4. Independent analyst Filbfilb stated in a YouTube video that Bitcoin lacks sufficient momentum to reclaim this moving average support, and expects bears to enter near the 50-day moving average. (Cointelegraph)