bullish

Rally

Bitcoin

when

Just when the expectations of a bull run gained momentum, the bears rescheduled the beginning of the run. Ever since the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price</a> marked the highs close to $68,500, the possibility of reaching $100K has emerged. However, the only important factor that plays with the volatility is liquidity and the point to consider is what all could be the catalyst that may revive a strong ascending trend.&nbsp;   
Back in 2016 and 2020, the bull runs were triggered by a massive increase in liquidity. Besides, stablecoins like USDT or USDC’s market capitalisation has risen over $173 billion, which is the highest since the UST collapse. The stablecoins are the gateway to the crypto industry and hence a rise in the market cap indicates the preparedness of the bulls, as the USDT market cap is on the rise while that of BTC is stagnant.&nbsp;   
Can this point towards a potential run in the coming days? Will the BTC price lay down a sustained upswing towards new highs?   
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The weekly price action of Bitcoin suggests the token to be within a bullish range as the price is attempting to break above the cup &amp; handle pattern. The RSI has rebounded while the MACD is about to validate a bullish crossover, due to which the bullish momentum may remain upright. Moreover, if the BTC price closes the weekly trade above the parallel channel, somewhere above $67,500 to $67,800, then a probable rise above $70,000 could be imminent.&nbsp;   
On the other hand, the FASB rule is about to be implemented, which will allow the companies to report the value of the BTC based on its level on a given exchange at the end of the required period. Currently, the S&amp;P 500 companies are sitting on 2.5 trillion in cash and cash equivalents, which will depreciate in value with inflation. Therefore, the Bitcoin (BTC) price is right on track and hence a bullish close above $68,000 appears to be imminent for the week.

Bitcoin Rejecting From a Crucial Resistance: Here is What to Expect From the BTC Price Rally Until This Weekend!

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