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Crypto

Bitcoin bottom debate reignites as views split on $60,000 retest and July peak

Bitcoin is at a critical juncture around $70,000, with analysts split over whether the market will retest $60,000 or peak in late July. Michael van de Poppe (마이클 반 데 포페) flagged $70,000 and $71,000 as key support and said a break could open buying opportunities below $65,000. Others see a possible retest in September or October. Spot bitcoin ETFs have logged 10 straight sessions of outflows.

Crypto

Bitcoin has 77 percent chance of new high within a year if past pattern repeats

Bitcoin has a 77 percent chance of setting a new record high within a year if its current pattern matches past moves, an analysis said. Network economist Timothy Peterson reviewed instances when Bitcoin recovered from a 50 percent drop to a 35 percent drop and found that 7 of 9 cases were followed by a new all-time high within a year. Market optimism has also continued this month, including a $160,000 per-coin estimate from VanEck’s Matthew Sigel.