#CanBitcoinReclaim$70K? Understanding the "Great Reset" from $60k

Your point about the bounce from $60k being a "Great Reset" is a vital distinction. Many traders look at a 15% drop simply as a "crash," but in a trend, it often serves to:
Reset Leverage: Over-leveraged "longs" are wiped out, allowing the market to move up on more sustainable buying.
Establish New Support: Re-testing the $60k zone confirmed its strength and allowed new investors to enter at an attractive price point.
Confirm the Trend: By bouncing hard from that level, it proves that "the trend is your friend," and the path of least resistance is still up.
The Bulls' Path to Victory
The setup for a strong move is definitely in place. If the ETF inflows remain consistent and the options settlement doesn't dump excessive supply on the market, your prediction of a "God Candle" to $72,000 could materialize quickly.
However, the "wait-and-seers" you mentioned are waiting for a reason. Until $69,500 is flipped from resistance to support, a drop back down to test $67,000 and keep the market in a tight range remains a possibility.
Final Thought: The structure of this move resembles a coiled spring. The tension between the bulls' institutional demand and the bears' immediate defense of $70k is approaching its limit. The outcome of the next 48 hours will likely define the direction of the market for the entire month of March.#GateSquare$50KRedPacketGiveaway