$BTC Bitcoin is showing strong bullish signals today, August 21, 2024. A key factor driving this momentum is a bullish crossover observed in the Ichimoku cloud indicator, which is often a sign of an imminent upward trend. The price of Bitcoin is currently eyeing the $60,600 level, which is crucial for maintaining its recent gains. If BTC closes above this level, it could signal the end of its recent bearish phase and potentially set the stage for a more extended bullish run

Additionally, analysts are optimistic due to increasing global liquidity, which is creating a favorable environment for Bitcoin and other cryptocurrencies. This increased liquidity, combined with positive technical indicators, suggests that Bitcoin could continue to see upward movement in the near term