Why Does a Weekly Close Above 70K Matter for Bitcoin?Bitcoin / TetherUSBINANCE:BTCUSDTburakkesmeciIf Bitcoin manages to close the week above 70K, could it be a promising sign in the short term? This level is a confluence zone where multiple technical and on-chain metrics converge. 1️⃣ FRVP POC level → 69.8K 2️⃣ Max Pain → 70K 3️⃣ SMA50 → 69.1K (rising) 4️⃣ Cost basis of 1–4 week holders A weekly close above 70K could set the stage for a positive continuation in the short term.