Bitcoin (BTC) has been showing a strong upward trend recently due to several supporting factors. Interest from institutional investors, along with the approval of spot Bitcoin ETF funds in the US, has created significant price momentum. In addition, expectations for interest rate cuts from the Federal Reserve (Fed) are also driving capital into digital assets. Technical analysis shows that BTC has surpassed many important resistance levels, reinforcing the upward momentum. If this trend continues, Bitcoin may aim for higher price levels in the near future.
