Bitcoin has had a huge week! đ
BTC jumped from around $62K to nearly $79K, gaining about 23% in one week. ïżœ
The Economic Times +1
đ° Current area: around $76Kâ$77K
đ„ Recent high: about $79.5K
đ Small pullback: After the big jump, Bitcoin is cooling down a little.
Why did Bitcoin rise?
đșđž Lower bond yields helped risk assets.
đ” A weaker U.S. dollar supported Bitcoin.
đïž Positive U.S. crypto legislation news improved investor confidence.
đ ETF/institutional demand also helped the rally. ïżœ
The Wall Street Journal +1Bullish: If BTC breaks and holds above $79Kâ$80K, the rally could continue.
Caution: After such a fast rise, some profit-taking or a temporary correction would be normal.
#bitcoin #CryptoRally #Bianace
BTC jumped from around $62K to nearly $79K, gaining about 23% in one week. ïżœ
The Economic Times +1
đ° Current area: around $76Kâ$77K
đ„ Recent high: about $79.5K
đ Small pullback: After the big jump, Bitcoin is cooling down a little.
Why did Bitcoin rise?
đșđž Lower bond yields helped risk assets.
đ” A weaker U.S. dollar supported Bitcoin.
đïž Positive U.S. crypto legislation news improved investor confidence.
đ ETF/institutional demand also helped the rally. ïżœ
The Wall Street Journal +1Bullish: If BTC breaks and holds above $79Kâ$80K, the rally could continue.
Caution: After such a fast rise, some profit-taking or a temporary correction would be normal.
#bitcoin #CryptoRally #Bianace