$BTC

Against USDT – Bitcoin regains momentum amid expectations of further gains

The BTCUSDT pair is currently trading near the $71,000 level, amid increasing optimism from investors following last week's market stability. Technical analysis indicates that a break 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 growing 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' intentions to hold. The overall picture leans bullish unless unexpected events occur.