Bitcoin remains below the key $100k level and is currently trending downward. The Ichimoku Cloud is providing strong support, indicating underlying bullish strength. It’s crucial to monitor price action closely for further developments before confirming the next move.
The S&P 500 has successfully broken out of its ascending triangle pattern and is now trading above it, with the Ichimoku Cloud providing strong support and signaling sustained bullish momentum.
After filling the CME gap, a minor pullback could occur, potentially setting the foundation for a robust rally.
Notably, the S&P 500's price movements often correlate with trends in the cryptocurrency market, making it an important indicator to watch for broader market insights.
🇺🇸 Senator Cynthia Lummis suggests that the U.S. government could create a Strategic Bitcoin Reserve without printing new money by revaluing its gold certificates at fair market value and exchanging them for 💰 $BTC
💰 Users of the decentralized betting platform Polymarket are almost certain that #Bitcoin will hit the $100,000 level in 2024. The probability of this happening is estimated at 94%.