Bitcoin hits $71.5K+ local high as analyst sees bears ‘stepping in’ soon

Bitcoin copied a relief rally in stocks, but concerns focus on downside liquidity and looming 50-day moving average resistance.

Bitcoin (BTC) found fresh strength at Tuesday’s Wall Street open as bulls eyed a revisit of local highs.

Key points:

Bitcoin attempts to push toward the top of its local range, hitting new week-to-date highs.

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