Bicoin managed to break the $69,000 level after experiencing significant price swings last week.
Last week two major catalysts drove Bitcoin’s price to $66,000 – the rumours about Tether being investigated by the U.S. government and Israel’s attack on Iran’s capital.
Despite the downturn, Bitcoin surged by 2.36% in the past 24 hours to $69,000, surggesting a trend reversal.
During this period $100.73 million were liquidated form the crypto market ($43.04 million in long positions and $57.69 million in shorts).
The 1-day technical analysis from TradingView also shows the bullish sentiment inthe crypto market. The summary and moving averages point to “strong buy” at 17 and 14, respectively, while oscillators show “buy” at 2.
At the time of writing, BTC has retraced back to around $68,600.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.