BTC hits $72K 🚀
$BTC surged to $72.8K, its highest level since June, before settling around $72.5K.
Two things helped fuel the move:
🇺🇸 US Treasury bond buybacks are set to double, sending long-term yields lower.
🏛 Trump met with crypto executives and backed US Bitcoin purchases and the CLARITY Act.
The rally also triggered a major short squeeze, with $1.60B in shorts liquidated.
#BTC is now testing the $73K area. If buyers can hold above it, the next major target comes into view.
On the long term $80k is still doable especially with major altcoins following the movement but we need still wait to have a confirmation from the White house side about the war in Iran because any major conflict now can stop this bullish trend.
Bitcoin is back in the driver's seat.
$BTC surged to $72.8K, its highest level since June, before settling around $72.5K.
Two things helped fuel the move:
🇺🇸 US Treasury bond buybacks are set to double, sending long-term yields lower.
🏛 Trump met with crypto executives and backed US Bitcoin purchases and the CLARITY Act.
The rally also triggered a major short squeeze, with $1.60B in shorts liquidated.
#BTC is now testing the $73K area. If buyers can hold above it, the next major target comes into view.
On the long term $80k is still doable especially with major altcoins following the movement but we need still wait to have a confirmation from the White house side about the war in Iran because any major conflict now can stop this bullish trend.
Bitcoin is back in the driver's seat.
