Bitcoin rose back above $75,000 after falling to $73,500, its lowest level in 11 weeks, according to TradingView data. The Nasdaq Composite also gained as tech stocks rebounded.
Keith Alan, cofounder of Material Indicators, said Bitcoin could dip toward its 200-week moving average at $67,755 before a breakout could be confirmed. He said that test was possible, not inevitable, and that the weekly outlook was starting to lean bullish. CoinGlass reported $1.2 billion in crypto liquidations over 24 hours as of 5 p.m. UTC.
