If Bitcoin Price Doesn’t Hold Take And Hold $69,000 With Momentum, It Could Get Very Bad

The Bitcoin price broke below $70,000 over the weekend, effectively erasing the gains from the previous week. This move puts the cryptocurrency in a perilous position as the bulls are now hard-pressed to find another major support or risk the decline going deeper from here. According to one analyst, Bitcoin bulls will have to reclaim and hold $69,000 with momentum in order to trigger another recovery trend. Why Bitcoin Bulls Must Hold $69,000 According to crypto analyst Tealstreet, the bulls will need to defend $69,000 to prevent the Bitcoin price from falling lower. The reason for this is the fact that the Bitcoin price has a chance of pushing upwards to the $73,000-$74,000 levels if this support is maintained. Following this, there is still the possibility of a final push toward $76,000-$77,000. Related Reading: Why The XRP Supply In The Billions Is Not A Problem On the flip side, there is a lot of bearish action to be seen if the bulls lose $69,000. This bearish move would trigger a