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Bitcoin is rising... and liquidity is spreading!
Despite the recent rise of Bitcoin being supported by an increase in its market dominance – which has reached new levels – it is noteworthy that alternative currencies are rising with it, reflecting the entry of real new liquidity into the market rather than just internal rotation.
Technical analyses indicate that Bitcoin faces strong resistance near the $85,500 level, and important support at $78,000.
Breaking through these levels could open the door for a new wave of increases, especially amid growing interest from institutional investors in the crypto market.
It is worth noting that recent economic data, such as the Consumer Price Index (CPI) and unemployment claims, are closely monitored by investors due to their direct impact on risk appetite in the markets.
The market is in a noticeable expansion... and indicators suggest significant movements ahead.