The crypto analyst Jelle has suggested that Bitcoin could potentially reach the $75,000 mark by the end of the week, as anticipated by investors. After hitting an all-time high, Bitcoin faced a decrease in momentum. During this time, the cryptocurrency experienced a correction of about 18%, dropping below $61,000 before recovering its losses. Today, Bitcoin surpassed $71,500 but later fell below $69,000 on major exchanges.

Coinbase, the largest US exchange, not dismissing the lawsuit from the US Securities and Exchange Commission, resulted in Bitcoin and the broader crypto market losing some ground. Approximately $239 million worth of cryptocurrency was liquidated in the last 24 hours according to Coinglass data.

An expert crypto analyst, Ali Martinez, highlighted the main resistance barrier for Bitcoin between $70,180 and $70,600. Data from IntoTheBlock indicates that a large number of addresses, around 291,000, that bought Bitcoin at an average price of $70,223 are currently at a loss. Glassnode's blockchain analysis firm data shows that Bitcoin has reached a "statistically significant level" in unrealized profit within its supply. With only 21 days left until the next Bitcoin halving, some investors still anticipate a major rise in the largest cryptocurrency. Currently, Bitcoin is trading close to its previous all-time high at $68,690.