#Bitcoin Breaks $65K: Is the Bull Market Back?
Good move đ
After Bitcoin formed a higher low in early September, it has now surged past $65,000, creating a higher high. This shift in market sentiment indicates a potential bullish trend, with the next key targets set at $66K+ and $74K (all-time high).
To confirm that this breakout is legit, we need to see a re-test of the $64K level as support. If BTC holds steady at this point, we could be in for an exciting ride upward.
This higher high signals that buyers are back in force. Looking at ETF inflows, over $500 million in $BTC BTC purchases were processed within the past three days alone.
With the market turning bullish, the end of this year could potentially bring new record prices for Bitcoin. Meanwhile, the altcoin market is showing signs of life, with a clear breakout and a higher highâthe return of altcoin season could be on the horizon, especially if BTC dominance levels off around 60%.
As for Ethereum, thereâs a growing narrative about ETH facing an existential crisis.
The success of Layer 2 solutions (L2s) has pulled users away from the main Ethereum chain, and while this scaling solution may not have been what Vitalik initially envisioned, it is the reality we face now.
What Do You Think?
Will Bitcoinâs surge continue? Do you think altcoin season is around the corner, or are other factors at play? Share your thoughts on whatâs driving BTCâs price movements below! đŹđ
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