A popular Bitcoin analyst has identified the $65,000 mark as a key breakout point for Bitcoin, which could trigger Fear Of Missing Out (FOMO) among traders. Despite a recent decline, this level is pivotal for potential future gains. The Crypto Dog, an influential analyst on X, believes that breaking this mark could provide the momentum needed for Bitcoin to surpass $70,000.
Bitcoin has started the new week on a negative note, falling below $50,000 for the first time since February. It is currently trading at $52,544, down 13.20% in the past 24 hours and 24.30% over the past week. The recent price action puts the $50,000 level in the spotlight as a key support level.
The $65,000 level remains critical for Bitcoin's potential upward rally. If Bitcoin can break above this threshold, significant buying pressure driven by FOMO could push the cryptocurrency above $70,000. Traders are closely monitoring these levels for signs of future movements.
