BTC — Close to a New ATH?steemCreated with Sketch.

in #crypto24 days ago

BTC — Close to a New ATH

Bitcoin is not letting go of 69k. Any pullbacks last week were quickly and decisively bought up, signaling strong buyer support. We're also seeing the formation of a so-called "box" with a control zone in the 69k-70k range. The price has "stuck" to this zone, which could indicate preparation for a breakout and a price impulse.

Technically, I really like the current formation and the price's resilience to news-driven drops. The 65k level test looks perfect, confirming the trend. I think this week will be decisive. Gold — ATH, Nasdaq — ATH, SP500 — ATH, BTC — next!

Fundamentals: We've previously written about Microsoft and its upcoming vote on BTC investments. Today, new interesting facts have emerged: BlackRock, as a major shareholder, will participate in the vote. Catch the hint?

BlackRock is likely a shareholder in all major companies, and I wouldn't be surprised if, over time, they "push" them to invest in BTC and buy BlackRock's ETF!

So, the market is optimistic.

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