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Bitcoin Price Outlook: Bulls Eye 80k Though Crypto Momentum Diverges

From forex.com

Bitcoin has capitalised on the past month’s risk-on rally, with BTC/USD pushing towards the key 80k level. Yet while bulls remain in control on the surface, the broader crypto market is telling a more cautious story. Altcoins have failed to confirm the move, and futures positioning points to stretched bullish sentiment—raising the risk that this rally is more corrective than impulsive. With Bitcoin now approaching a major psychological and technical level, traders should brace for volatility and the possibility that this move is nearing exhaustion. Bitcoin has made the most of the past four weeks’ risk-on rally, with ... (full story)

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  • Category: Technical Analysis