Bitcoin At Critical Juncture – Price Levels To Watch: Analyst

Bitcoin maintains its bullish form from April as it gains by over 4% in the first two days of May to surge above $97,000. Following this recent gain, the premier cryptocurrency is experiencing a minor retracement as investors attempt to decipher the current market phase. Meanwhile, a prominent crypto analyst with the X handle IT Tech has shared some valuable insights on Bitcoin’s market structure, highlighting the key price levels that could decide the asset’s movement in the short term. Related Reading: Bitcoin Price Confirmed Local Bottom As All Indicators Flash Bullish, Where’s Price Headed? Bitcoin Cools Off After Price Rally: Breather Or Bull Trap? According to IT Tech in an X post on May 2, Bitcoin appears to be catching its breath following a price rally from $93,600 to above $97,000 source: https://www.newsbtc.com/news/bitcoin/bitcoin-at-critical-juncture-price-levels-to-watch-analyst/