Bitcoin must clear this key level to sustain its rally, says analyst

Bitcoin’s jump to $66,000 is a fake-out. This rally is hollow until we clear $70,920, where massive sell-side pressure from breakeven investors will likely crush the momentum. Demand has been negative for 208 straight days, and US institutions have been missing for weeks. Without clearing $70,920, this isn't a recovery—it's just exit liquidity for those waiting to dump at their entry price. Is this rally doomed to fail before it even hits $71k? Do you agree?
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