As Bitcoin surges past $70,000, traders are eyeing further gains on the horizon. Crypto trader Stoic believes that if Bitcoin consistently closes above $71,000, a significant upswing is imminent. He emphasizes the importance of closing prices, stating that a "full send" is within reach if Bitcoin maintains this momentum.

Stoic's analysis suggests that Bitcoin is exhibiting healthy signs in terms of price, momentum, and volume. The cryptocurrency has been consolidating at the top of the value area for nearly two weeks, indicating a potential breakout. However, not all analysts are bullish in the short term. Ali Martinez notes a potential correction in the hourly chart, citing the TD Sequential indicator's sell signal.

Despite this, Bitcoin's fundamentals remain strong. Open interest has reached a three-month high, and 100% of Bitcoin holders are currently in profit. The majority of holders (69%) have held their positions for over a year, indicating a long-term perspective.

As the market eyes the next move, the upcoming Future of Digital Assets event on November 19 will explore Bitcoin's growing influence as an institutional asset class. With Bitcoin poised on the edge of new heights, traders and investors alike are eagerly awaiting the next chapter in its journey.

In conclusion, Bitcoin's potential "full send" above $71,000 has traders and analysts abuzz. While short-term corrections are possible, the long-term outlook remains bullish. As the market continues to evolve, one thing is clear: Bitcoin's impact on the digital asset landscape will only continue to grow.