Bitcoin’s attempts to hold rallies above the $70,000 to $75,000 range continue as ETF demand limps along, US treasury yields rise and traders take profit as BTC price hits overhead resistance.

Bitcoin price data suggests BTC remains undervalued and that short positions opened above $70,000 face a high risk of liquidation.

Bitcoin holding above $72,000, along with a sharp uptick in whale activity, suggests traders may target the supply zone at $88,000.