🚀 Bitcoin's on a Roll! 🚀
Bitcoin (BTC) has surged for three consecutive days, hitting its highest level since July 29. The original cryptocurrency retested the psychological level of $68,000, marking a 40% jump from its August low.
Key Highlights:
- Crypto fear and greed index moved from 37 to 58, indicating market greed.
- BTC formed a golden cross pattern, a bullish signal last seen in Oct. 2023.
- Inverse head and shoulders pattern and key resistance flip at $66,561.
Why the Rally?
- Rising odds of Trump winning the election, seen as crypto-friendly.
- U.S. public debt concerns make Bitcoin a preferred alternative.
Analysts' Take:
- Peter Brandt and Miles Deutscher predict more upside.
- Michael van de Poppe sees long-term gains as Fed cuts rates.
What are your thoughts? Drop a comment below! 💬