$BTC
đ BITCOIN EXPLODES PAST $69K â Is $100K Back on the Table?
Bitcoin just delivered its biggest single-day move in months, ripping roughly 7â8% higher to trade above $69,000 after weeks stuck in a $62Kâ$66K range.
What's driving the surge:
đșđž President Trump publicly urged Congress to pass the Clarity Act, a bill that would finally define regulatory rules for crypto
đŠ U.S. Treasury doubled bond buybacks to $4B per operation, weakening the dollar and boosting risk assets
đ° Spot Bitcoin ETFs pulled in fresh inflows, adding institutional buying pressure
đ A wave of short liquidations added fuel, as bears were forced to cover positions
đ Analysts at Standard Chartered now call for $100K by year-end 2026
On-chain data (Glassnode) shows this was a 5.8-sigma move against 30-day volatility â the strongest upside surge since October 2023. Whale wallets have also flipped from distribution to accumulation after a ~60-day selling streak.
Key levels to watch:
đč Support: $62,500â$64,000
đč Resistance: $70,000â$72,000
đč Bulls need to reclaim the 100-day EMA (~$66,000) to confirm trend change
Bitcoin remains well below its all-time high of $126,198 (Oct 2025), so plenty of room left if momentum holds. đ
Not financial advice â always DYOR before trading.
#bitcoin #BTC #CryptoNews #Binance #TrumpPressesCongressToPassClarityAct
đ BITCOIN EXPLODES PAST $69K â Is $100K Back on the Table?
Bitcoin just delivered its biggest single-day move in months, ripping roughly 7â8% higher to trade above $69,000 after weeks stuck in a $62Kâ$66K range.
What's driving the surge:
đșđž President Trump publicly urged Congress to pass the Clarity Act, a bill that would finally define regulatory rules for crypto
đŠ U.S. Treasury doubled bond buybacks to $4B per operation, weakening the dollar and boosting risk assets
đ° Spot Bitcoin ETFs pulled in fresh inflows, adding institutional buying pressure
đ A wave of short liquidations added fuel, as bears were forced to cover positions
đ Analysts at Standard Chartered now call for $100K by year-end 2026
On-chain data (Glassnode) shows this was a 5.8-sigma move against 30-day volatility â the strongest upside surge since October 2023. Whale wallets have also flipped from distribution to accumulation after a ~60-day selling streak.
Key levels to watch:
đč Support: $62,500â$64,000
đč Resistance: $70,000â$72,000
đč Bulls need to reclaim the 100-day EMA (~$66,000) to confirm trend change
Bitcoin remains well below its all-time high of $126,198 (Oct 2025), so plenty of room left if momentum holds. đ
Not financial advice â always DYOR before trading.
#bitcoin #BTC #CryptoNews #Binance #TrumpPressesCongressToPassClarityAct