$BTC Bitcoin Eyes $72K: What's Fueling the Momentum?
Bitcoin ($BTC) continues to impress, holding strong above the $70,000 psychological level. After a period of consolidation, bulls seem ready to push higher amid renewed institutional interest and decreasing exchange reserves.
Key drivers include optimism around spot Bitcoin ETFs, growing hash rate, and global macro uncertainty, which positions BTC as a "digital gold" hedge. On-chain data shows accumulation by whales and long-term holders, indicating confidence in further upside.
๐ Support zone: $68,800
๐ Resistance: $72,500
While the trend remains bullish, keep an eye on CPI data and U.S. regulatory news this week, which could