Welcome to a thrilling week in the world of Bitcoin as it dances with fresh all-time highs, showcasing the indomitable spirit of BTC price volatility.
Bitcoin has not only achieved its highest-ever weekly close but continues to defy expectations. The tussle between bulls and bears intensifies, with Bitcoin navigating through a familiar yet exhilarating path of resistance and support, courtesy of spot ETFs and market sentiment.
The influence of ETF buying has taken many by surprise, prompting even the staunchest bulls to rethink their long-term BTC price forecasts. Could $1 million per Bitcoin be a modest prediction?
On the flip side, the rapid pace of the bull run raises concerns about a potential macro price peak. But, with pivotal US macro data and Federal Reserve decisions on the horizon, all eyes are on Bitcoin’s next move.
Bitcoin miners are also in the spotlight, strategically securing profits as we edge closer to April’s block subsidy halving.
Join us as we dive deeper into these developments and explore what might be next for Bitcoin’s price in this week’s must-read analysis.
Bitcoin’s journey to breaking the $71,000 barrier is nothing short of historic, further energized by the approval of spot bitcoin ETFs in the U.S., marking a significant milestone for the cryptocurrency.
The rally has not only lifted spirits but also the futures premium, hinting at an influx of traders and heightened market liquidity.
Bitcoin Shatters Records: Surging Past $71K!
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