The scenario has shifted drastically in the last 24 hours! After a period of sideways movement and geopolitical uncertainty, Bitcoin (BTC) brushed off external tensions and recorded a solid 7% gain, breaking through the psychological barrier of $73,000.
Why has optimism returned so strongly?
Breakout and Momentum: Price is now trading above the 50-day Moving Average. The MACD has flashed a strong buy signal, and although the RSI is sitting at 70-72 (overbought), in strong rallies like this, it indicates continuous buying pressure rather than an immediate crash.
Institutional Flow: Spot Bitcoin ETFs in the U.S. recorded net inflows of over $450 million in a single day. Institutional investors are "buying the dip" and pushing the market higher.
Technical Targets: The focus now is testing the region between $74,500 and $76,000. A high-volume break here opens the path toward new all-time highs.
Posted using SoMee