A comprehensive look at the recent trends of Bitcoin from the technical, news, and data perspectives
From a technical perspective, Bitcoin is currently experiencing a small range of fluctuations, with 136,000 seen as the key target for the first phase of a bullish flag pattern. Due to the U.S. stock market being closed over the weekend, market liquidity is limited and price volatility is easing
From a news perspective, there have been recent rumors in the market that Federal Reserve Chairman Powell may resign, but these have been debunked by authoritative reporters. The S&P 500 had limited fluctuations on Friday, indicating that the market was not significantly affected
From a data perspective, whale activity shows some buying momentum. Yesterday, whales purchased 2,686 BTC, and today bought 801, with a cumulative total of 8,187 this week
Overall, Bitcoin has certain upward momentum in the short term $BTC