Open Interest Increase Spurs Bitcoin Price Target of $71.5K

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Bitcoin may be gearing up to move above $70,000 now it has reclaimed a critical level that traders have been closely watching for the past two months.

Bitcoin could be headed toward the $71,500 mark after breaching the $65,000 price point on Tuesday, based on historical patterns as observed by crypto traders. 

The price rebound has also increased interest among future traders betting on Bitcoin’s near-term price movements.


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