$BTC

BTC

94,724.51

+0.08%

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 after the market stabilized last week. Technical analysis indicates that breaking 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 decline in supply on exchanges, which may indicate long-term investors' intent to hold. The overall picture leans bullish unless unexpected events occur.