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Although Bitcoin received good news on Wall Street this week, I wondered why it couldn't hold at $70,000. However, in recent days, there have been positive signals in the market, especially when looking at US data; economic indicators seem supportive. But the price fluctuates around $72,700, unable to maintain the $70,000 level.
Actually, this situation is interesting because normally, such positive news should push BTC higher. Maybe the market is somewhat overvalued, or major players are adjusting their positions. Although US data and macroeconomic factors are supportive, it is notable that Bitcoin faces resistance at these levels.
Throughout the week, despite news from Wall Street, the price can stay above $70,000, but we don't see a definitive breakout. This suggests to me that the market is currently a bit uncertain.