đ Bitcoin Blasts Past $60K: âThis Time Is Differentâ Says Analyst
Bitcoin has reclaimed the critical $60,000 level for the first time in weeks, but analysts are signaling this time, itâs different. With institutional investors stepping in, BTC is gearing up for a new era of bullish momentum.
Crypto analyst Rajat Soni emphasized the shift, noting that Bitcoin has been consolidating above $50K for over six months, unlike the retail-driven rallies of the past. He warned: "Institutional investors are buying everything retail is selling. If youâre selling, be ready to pay more to get it back."
- Bitcoin is up 12.4% in the last 7 days
- BTC dominance hits a new cycle high at 57.80%
Plenty of traders are predicting that Bitcoin might close September in the green for just the 4th time in its history. Meanwhile, data from CoinGlass shows that historically, September has been a brutal month for BTC, averaging a 4.49% loss over the past 11 years. Could we finally break the trend?
Analysts are keeping a close eye on BTCâs 200-day moving average for confirmation of a full breakout. Will we see a major altcoin rally follow suit? Only time will tell, but with institutional power backing Bitcoin, the sky might not even be the limit this time.
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