Bitcoin (BTC) is up nearly 9% this week, indicating strong buying by the bulls. However, it is facing resistance at $69,000. QCP Capital said that rising US stocks and a weaker Japanese yen will boost risk appetite. The US Securities and Exchange Commission’s approval of Bitcoin ETF options is also a positive development. Bitcoin’s strength has also triggered buying in major altcoins. Technical analysis of cryptocurrencies like BTC and ETH suggests that the bulls have the advantage. Share your views in the comments!