BTC reclaims key support, eyes rebound to $79K, analysis suggests

According to an analysis by CryptoQuant, Bitcoin has reclaimed a key support line. Following a ceasefire between the U.S. and Iran, the price broke above $69,400, turning what had been a strong resistance level into support. The analysis suggests that if this level holds, the next target is $79,000, a price CryptoQuant described as the top of the bear market and a key indicator for gauging a market recovery.