Good morning friends☀️

#Bitcoinfinally managed to rise above $80,000.

A weekly close above the ATH resistance and with a lot of volume was achieved. Historically, we see that Bitcoin has experienced very serious increases after the ATH breaks in the past years.

The fact that a weekly close with volume above ATH was very positive in terms of the continuation of the rise.

As you know, Coinbase had started making heavy purchases around $49,000 and continued these purchases until now.

In the current situation, they have not yet returned to sales and are still continuing to buy.

On the other hand, other short-term data generally looks positive.

🔹Whale activity is around +21.

🔹Spot CVD is rising.

🔹Short liquidations continue to be cleared.

🔸Funding rates have risen slightly above normal.

When funding rates get too high, the market usually gives a correction. It is not too high for now, but it has started to rise.

There may be minor corrections, of course. The uptrend usually progresses in the form of 3 forwards and 1 backwards manner, but the current data is generally positive and shows that the rise is likely to continue to the $90-100k range, my friends.

I will update frequently throughout the week. I wish everyone a good week and good earnings.