Analysts: Bitcoin's key support level is US$73000. If the weekly line closes above it, it is expected to confirm a double-bottom breakthrough

Bitcoin remained volatile around $73,500 over the weekend, and if current levels remain unchanged, Bitcoin will record a monthly decline of about 3%. Next week, U.S. labor market data will become an important variable affecting risky assets, including the ISM manufacturing PMI, ADP employment data and non-farm payrolls report. AndreDragosch, head of European research at Bitwise, said that if Bitcoin continues to trade in accordance with the logic of economic growth and risk appetite, it should be re-priced higher from current levels. Trader RektCapital said $73,000 is the current key support level. If Bitcoin's weekly line closes above this level, it will be more conducive to confirming the double-bottom breakthrough pattern and promoting the continuation of the subsequent upward trend.