Bitcoin opened the week by rallying straight into a key resistance level. If it holds, BTC and altcoins could embark on the next leg of the crypto bull market.
Bitcoin’s recovery above $74,000 highlights a rapidly improving market, but several data points suggest that pro traders remain cautious and skeptical.
Bitcoin chases $75,000 as the return of aggressive spot BTC ETF inflows, billion-dollar buys from Strategy and an improvement in investors’ risk appetite propel the crypto market.
Bitcoin achieved new six-week highs at the week's first Wall Street open, but analysis stayed risk-off, arguing that the long-term BTC price downtrend was still in place.