#0🅇8🄾0🄼™ | $BTC In an investment note dated Sept. 3 seen by Cointelegraph, IG Markets analyst Tony Sycamore said Bitcoin would need a “sustained breakout” above its recent high of $65,000 to solidify a proper reversal. BTC is likely to drop to $57,200 due to a number of factors including market sentiment and rate cuts, in addition to unemployment concerns.
✍️ Should Bitcoin break above this level, Sycamore said the asset would face a “resistance cluster” between $70,000 and $74,000 before the market could reverse to a positive bias.
🎯 Bitcoin is currently trading at $$BTC 59.140 and has posted a 40% gain since the start of the year. At the time of publication, BTC was still down 20% from its all-time high of $73,800 hit on March 14, according to TradingView data.
⚠️ DYOR!!!