Bitcoin nears $75K as trader says BTC price squeeze 'changes nothing'

Bitcoin achieved new six-week highs at the week's first Wall Street open, but analysis stayed risk-off, arguing that the long-term BTC price downtrend was still in place.

Bitcoin (BTC) hit $74,600 at Monday’s Wall Street open as US stocks gained on Iran war deescalation signals.

Key points:

Bitcoin sets another local high near $75,000 after a solid weekly close reclaimed key trend lines.

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