In the latest Bitcoin news investors had reason to celebrate as a new week started. After a 10-day dip, Bitcoin has surged back above $70,000. The renewed vigor in BTC’s price action signals a resurgence of momentum as the market continues to climb, with bulls now looking for fresh new highs and price discovery.
Source: Brave New Coin Bitcoin Liquid Index
As the last week of March commences, Bitcoin finds itself on the cusp of fresh all-time highs. The sudden resurgence of Bitcoin starkly contrasts with the somber atmosphere of the previous week, characterized by significant losses. The retracement from the recent peak near $73,000, reached 17% at one point, induced anxiety among traders. Although this correction remains relatively modest by bull market standards, it triggered apprehension across the market.
However, Monday’s rally hinted at a potential conclusion to the recent downturn in the cryptocurrency market. Last week,…
