Despite significantly positive fundamentals backing Bitcoin, challenges loom on the technical front according to Cantor Fitzgerald analysts. Notably, Bitcoin might need to revisit key price levels around $70,000 to gain back momentum.

Market Comparison:

While Bitcoin faces uncertainty, gold has surged by 13.9% this year, drawing in investors seeking safety amid economic friction.

As Bitcoin’s fundamentals attract long-term investors, its technical setup suggests caution. Gold remains the clear choice for risk-averse investors.