Bitcoin (BTC) has surpassed the $65,000 mark, creating optimism for a potential rally towards $70,000. However, long-term holders (LTHs) may sell and take profits, which could hinder upward momentum. Other factors that could determine BTC's rise to $70,000 include potential interest rate cuts by the Federal Reserve, the upcoming U.S. elections, and a supportive regulatory environment. The Liveliness indicator suggests that LTHs have started to sell, which could lead to a price correction and increased volatility. BTC's next target is to turn $70,000 into a solid support level. If investor support and favorable macroeconomic conditions are not met, BTC's price may struggle and potentially decline.



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