Bitcoin ($BTC ) Regains Strength: Recovery and Key News of the Week
The price of Bitcoin ($BTC ) has shown a strong upward movement today, recovering from last week's decline.
One of the catalysts for this recovery has been the announcement by U.S. President Donald Trump regarding the creation of a Strategic Crypto Reserve, which will include Bitcoin, Ethereum, $XRP , Solana, and Cardano. This move has generated renewed optimism in the sector, increasing investor confidence.
Additionally, data on spot Bitcoin ETFs in the U.S. showed a net outflow of $2.39 billion last week, which initially weakened institutional demand. However, the recovery of BTC suggests that investors are returning to bet on the digital asset.
On a technical level, Bitcoin has surpassed the key resistance of $105,500, with projections indicating a possible increase towards $109,876 by the end of the week. This rally could mark the beginning of a new bullish phase, especially if market sentiment continues to strengthen.
Could this be the start of a new rally for Bitcoin? 🚀💰
