Bitcoin breaks the barrier! Is this the start of a new rally?

Bitcoin has done it again! After a period of oscillating between $66,000 and $70,000, the cryptocurrency has once again surpassed $70,000. If it holds above this level and surpasses its all-time high (ATH), it could trigger a new bullish rally for the entire market.

But what is behind this rebound? Is this the start of a new record or just a short-term rise?

In our opinion, several factors contribute to this momentum:

Rising inflation and geopolitical tensions: Investors look for safe assets to protect their savings in times of uncertainty. This has boosted demand for gold, the US dollar, and of course, Bitcoin.

Increased interest from institutional investors: Giants like BlackRock and MicroStrategy have increased their exposure to Bitcoin, injecting liquidity and legitimacy into the market.

Bitcoin and Ethereum ETF Approval: The impending approval of Bitcoin and Ethereum ETFs by the US SEC could make it easier for institutional and retail investors to access cryptocurrencies, which could significantly increase demand.

What does the future hold for Bitcoin? It is difficult to predict with certainty whether this rebound will be permanent. However, current conditions seem favorable for a new bullish rally.

To do?

DYOR (Do Your Own Research): Before making any investment decision, it is crucial to conduct your own research and understand the associated risks.

Invest in moderation: Never invest more than you can afford to lose.

Consider long-term strategies: Bitcoin is a volatile investment. It is better to adopt a long-term investment strategy and not get carried away by short-term emotions.

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