Bitcoin ($BTC ) has surged nearly 23% over the past week, trading around the $78K area.
But the bigger story isn't just the price.
đ Here's what's driving the move:
⢠Strong crypto ETF inflows
⢠Improving market liquidity expectations
⢠A weaker U.S. dollar
⢠Falling expectations for tighter Fed policy
⢠Growing institutional interest
Bitcoin has now rebounded sharply from its recent lows, while Ethereum and major altcoins are also joining the rally.
But here's the important part đ
A strong rally doesn't mean the market can only go higher.
After such a fast move, profit-taking and short-term volatility could increase.
đ I'm watching 3 things next:
1ď¸âŁ Can $BTC hold above the recent breakout area?
2ď¸âŁ Will ETF inflows remain strong?
3ď¸âŁ Can Ethereum and altcoins continue to outperform?
The market is getting interesting again.
Are we looking at the beginning of a new crypto leg higher â or is a pullback coming first?
đ What's your view on $BTC ?