$BTC Bitcoin presses shorts after daily gains of 3%
Data from Cointelegraph Markets Pro and TradingView showed that the BTC/USD pair reached USD 96,955 on Bitstamp, its highest level since February 22.
Getting closer to six figures, Bitcoin rose alongside U.S. stocks at the opening of Wall Street, while Microsoft gained 10%, becoming the world's most valuable public company.
In response, popular trader Daan Crypto Trades suggested that stocks might be about to resume a sustained upward trajectory.
"Stocks are trading in a key area here," he wrote in a continuous analysis on X.
"I believe the general rule is that if stocks trade above the 0.618 Fibonacci retracement after a strong drop, it is considered that a bottom has been reached."