BTC price momentum is targeting $69,000 as TradFi markets return to the scene — will this week finally see a breakout?
Meanwhile, on-chain indicators are lining up to call for a bullish comeback on Bitcoin, while behind the scenes, network fundamentals are inching back toward all-time highs of their own. “Current Spot Demand is still around $66K - $65K, with current market bid would like to see some spot bids get moved higher towards $67K,” he summarized.
It added that declining chances of a cut were nonetheless “not necessarily a bad thing for the stock market.”Bitcoin and global liquidity are a match which for bulls was made in heaven — and the latest chart data says it all. This will build on a 1.5% jump from two weeks ago, helping mitigate the 5.6% drop, which came before that which cost difficulty its all-time high position.Hash rate, the aggregate processing power dedicated to the network by miners, continues to consolidate after hitting record highs in April, per raw data from
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