๐ฃ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น ๐๐๐น๐น๐ถ๐๐ต ๐ฆ๐ถ๐ด๐ป๐ฎ๐น ๐๐ผ๐ฟ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป (๐๐ง๐) ๐
"BITCOIN TO NEW HEIGHTS!"
Breaking through key resistance, BTC is primed for a parabolic run ! Buy the dip and ride the wave!
Bitcoin's current bullish trend can be attributed to several factors:
Strong Technical Recovery: Bitcoin has initiated a promising recovery, with a significant rebound (+10%) and increased volumes, validating momentum recovery. The trend remains bullish across all horizons (short, medium, and long term), confirmed by moving averages and a bullish divergence signal on momentum ยน.
Institutional Adoption: Growing interest from traditional investors and institutions, such as Strategy's $21 billion equity offering to buy more Bitcoin, led by Michael Saylor. This move boosts market momentum despite Q1 unrealized losses ยฒ.
Renewed ETF Activity: Filing for spot ETFs, such as 21Shares' SUI ETF, eases regulatory fears and restores market sentiment. Institutional momentum is building on multiple fronts, including renewed ETF activity and fair value accounting for corporate holders ยฒ.
Bullish Market Sentiment: Market sentiment leans toward greed, with significant inflows into Bitcoin spot ETFs, reinforcing the bullish momentum. Top traders' long-to-short ratio indicates strong demand for leveraged long positions, and Bitcoin whales and miners remain cautiously optimistic .
Macroeconomic Factors: Expectations of interest rate cuts by the Federal Reserve and a potential shift in monetary policy could further support Bitcoin's growth. The current price action above $96,500-$97,000 zone confirms the bullish bias, with potential targets at $105,000 and $145,000 ยฒ.
Current Price Action: Bitcoin's current price is $96,942.77, with a 2.93% increase, indicating a strong upward trend .