1inch Network

Bitcoin’s relief rally pushed its price above the 50-day SMA as analysts say further upside potential is increasing amid rising open interest.

Bitcoin traders demanded further support reclaims to avoid a return to fresh macro lows next, as BTC price hit six-week highs.

Bitcoin edged toward an important weekly close above $70,000 that would reclaim an important 200-week trend line.

BTC faces bull-trap risks due to the formation of a bear flag pattern, with a measured downside target at around $51,000.

Bitcoin showed strength throughout the week, but BTC’s correlation with tech stocks and its reactive spot ETF flows suggest the bear market isn’t over yet.

Ether bulls appear to be targeting $2,800 as their next stop, but ETH futures data shows a divided market with limited odds for a sustained 33% rally.

Bitcoin is on track for its strongest weekly return since its 2025 rally to new highs. Analysts highlight the price levels BTC must reach to sustain its current bullish momentum.

Bitcoin faced strong resistance at the $74,500 level, but the shallow price pullback could set the stage for a stronger breakout in BTC and altcoins.