Bitcoin Rally Could Be Start of Something More Substantial
From Nasdaq.:
Bitcoin has surged over 5% in the past week, trading above $54,000 for the first time since December. BLOK ETF, correlated with crypto, surged over 7% on Monday as Bitcoin rallied. Technical analysts predict resistance at $56,400 and $64,900 before potential blow-off top and surge to new highs. Fairlead Strategies sees positive long-term momentum for Bitcoin. Research from Matrixport suggests Bitcoin could reach $64,000 as soon as next month, historically rallying into halving cycles. MicroStrategy’s CEO Michael Saylor endorses Bitcoin, holding 193,000 BTC.
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