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Analysis: Bitcoin still has the potential to rise to $88k, and the overall performance of the crypto market remains resilient.
ME News Report, April 13 (UTC+8), Bitcoin is currently fluctuating around $70k, with the overall crypto market showing resilience. Meanwhile, mainstream cryptocurrencies such as Ethereum, XRP, and Solana are also relatively stable. The short-term market key lies in whether Bitcoin can hold the important support level of $70k, which has now become a dividing line between bulls and bears and has been defended multiple times by “bottom-fishing funds.” If it effectively breaks below this level, due to thinner liquidity below, Bitcoin’s price volatility may increase. However, if it can stabilize, the market is expected to quickly regain stability. Some opinions believe that with support from capital flows and macro factors, Bitcoin still has the potential to rise to $88k. Overall, although Bitcoin’s price performance is steady, speculative behavior combined with negative events may suppress market risk appetite in the short term. (Source: ODAILY)