Bitcoin Eyes $70K Again as Market Sentiment Turns Bullish

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Bitcoin is showing renewed strength as it bounces back above the $66,000 mark, igniting hopes of a fresh rally. Analysts point to improved investor confidence, decreasing exchange reserves, and a spike in whale activity as key indicators of a bullish sentiment.

In the last 24 hours, BTC has gained over 3%, fueled by growing anticipation of institutional inflows and the upcoming Ethereum ETF decision. Trading volumes are also on the rise, signaling that momentum may continue into the weekend.

If Bitcoin breaks the $68,500 resistance, we could see a push toward $70K in the short term. However, traders are advised to watch out for potential volatility as macroeconomic data releases loom later this week.

Stay sharp, and as always — DYOR before entering the market!

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