65,793,231,596 against USDT – Bitcoin Regains Momentum Amid Expectations of Further Gains

The BTCUSDT pair is currently trading near the $71,000 level, amid growing optimism from investors after the market stabilized over the past week. Technical analysis indicates that a breakout above the resistance at $72,000 could push the price towards $74,500 in the short term. On the other hand, major financial institutions continue to inject liquidity into Bitcoin funds, reflecting increased confidence in the digital asset as a hedge against inflation and global economic volatility. Additionally, on-chain data shows a decrease in supply on exchanges, which may indicate long-term investors' intention to hold. The overall picture leans bullish unless unexpected events occur.

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