Bitcoin Technical Analysis – ETF optimism boosts the crypto market ...Middle East

Fundamental OverviewBitcoin has rallied steadily since the benign US CPI report last week as the hawkish expectations subsided and the market switched its focus from inflation back to growth. This triggered a positive risk sentiment which is generally positive for the cryptocurrency. Late on Monday, we got the news that the SEC might greenlight spot ether ETFs ahead of its first deadline later this week. The consensus was that the funds would likely not be approved.Bitcoin Technical Analysis – Daily TimeframeOn the daily chart, we can see that Bitcoin has rallied strongly after breaking above the key 67275 level. The next target should now be the cycle high at 73835 although we might see fir

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