Why is the Crypto market surging today?
Bitcoin is on fire! Discover why the crypto market is booming today, with Bitcoin reclaiming $71,000. Get the latest news and analysis.
A Brutal Reversal Driven by Macro Catalysts
The market sentiment shifted from fear to euphoria in less than 24 hours, triggering a broad-based rally across the crypto market. This reversal can be explained by a combination of fundamental catalysts that have reignited risk appetite.
The primary driver is the rumor that the U.S. Strategic Reserve took advantage of the recent dip to accumulate Bitcoin around the $60,000 level. If this information is confirmed, it would establish $60k as an institutional floor, massively reinforcing confidence among retail investors and whales.
Meanwhile, speculation around a new crypto bill in the U.S. Congress is fueling optimism. The prospect of increased regulatory clarity is acting as genuine bullish fuel, propelling Bitcoin, as well as Ethereum and Solana, toward new short-term highs.
Bitcoin at $71,000: Key Zone and Scenarios to Watch
From a technical perspective, Bitcoin’s (BTC) movement is spectacular. After a liquidity sweep around $60,000, the price rebounded violently to break through several intermediate resistances, now settling around $71,000 with marked bullish momentum.
This $71,000 zone represents a major pivot. A transformation into solid support could pave the way toward the ATH (all-time highs). Indicators like the RSI confirm the exhaustion of selling pressure, giving way to a clearly bullish dynamic.
Two scenarios are emerging: a bullish scenario with consolidation above $71,500, targeting $75,000 then the ATH, or a bearish rejection sending the price back toward $68,000, or even the $64,000 – $65,000 zone. For now, buyer flows and institutional rumors clearly favor the bulls.
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Simon Dumoulin
Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.
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This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
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