A bullish chart pattern has bulls setting $72,000 as the new Bitcoin price target.
Bitcoin’s (BTC) price has been trending lower over the last two weeks, and analysts believe that the pioneer cryptocurrency appears to have “bottomed” in the area between $63,000 and $65,000.
“Bitcoin has likely bottomed in this area between $63-65K,” MN Capital founder Michaël van de Poppe wrote in a June 20 post on the X social media network.
Van de Poppe’s analysis appears to have been informed by Bitcoin’s modest bounce from $64,950 to a high of $66,455 during the European trading session on June 20.
