Bitcoin stages a strong rebound in the near term! Previously, it was held back by the stalled <CLARITY Act> and the Federal Reserve’s rate hikes, and BTC briefly fell to around $75,000. However, it quickly regained the $80,000 level.
On Monday, Bitcoin once again moved above the 50-week moving average and even surged past $84,000, setting a new 8-month high. It is still trading above $83,000, with a market cap of approximately $1.67 trillion. In short, in the short term, the bulls have regained control. Next, the key focus is whether $84,000 can hold firm.
On Monday, Bitcoin once again moved above the 50-week moving average and even surged past $84,000, setting a new 8-month high. It is still trading above $83,000, with a market cap of approximately $1.67 trillion. In short, in the short term, the bulls have regained control. Next, the key focus is whether $84,000 can hold firm.