I notice that Bitcoin still struggles to stay above the 70,000 level even though this week's news from Wall Street is quite positive. Actually, the positive momentum from institutions should be able to push the price higher, but it seems like profit-taking is quite strong as well.

What’s interesting is that trading volume and interest from large investors still exist, but there appears to be quite a strong resistance. From a market cap perspective, which has reached hundreds of billions of dollars, Bitcoin still has solid fundamentals. This pullback might be normal after a fairly sharp rally.

Just watch the upcoming momentum, whether it can break through or if it will retreat first. Wall Street remains active, so there’s hope it can push to higher levels in the near future.