Bitcoin
$BTC Week of strong momentum towards new all-time highs 🚀
Bitcoin
$BTC closed the week in a very positive way, breaking through an important psychological barrier by closing at $69,400, a level it had not reached since the week of June 3-9 of this year, when it touched $67,612.48. After that period, the price experienced a significant correction of 23.54%, taking Bitcoin to $53,591.38. Since then, it has maintained a sideways movement for 32 weeks, within a range between the all-time high of $73,777 and $49,000.
This recent bullish momentum, which led Bitcoin to rise 9.89% since the previous week's close, suggests a strong rebound. Currently, the price is around $67,728, having hit a liquidity gap formed after the recent push. Importantly, the Fear and Greed Index shows a value of 72, indicating a phase of greed in the market, a signal that has historically preceded bullish movements.
This close marks the second highest since the halving, reaffirming the possibility that Bitcoin will soon achieve new all-time highs, as long as it maintains its weekly uptrend that began in November 2022.
In summary, the technical context and market sentiment suggest that we could be at the beginning of a new expansion phase in the price of Bitcoin
$BTC with a possible breakout above its all-time highs in the short term.
#Bitcoin! #CriptoNews #noticias #AnálisisDeMercado #tendencias