<ul><li>Bitcoin needs to break $71,000 first and confirm a bullish reversal, according to veteran trader Peter Brandt.</li><li>Resistance levels at $70,600 and the all-time high of $73,800 are holding Bitcoin back from a major move.</li><li>Other analysts warn of geopolitical tensions and market patterns potentially bringing Bitcoin down further.</li><li>QCP Capital remains cautiously optimistic, expecting a potential recovery after a short-term pullback.</li></ul>

What’s Holding Bitcoin Back? Analyst Says $71,000 Is The Magic Number

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