bullish

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Bitcoin

Material

<p>As Bitcoin approaches $73,000, enthusiasts and traders closely monitor this dizzying rise. After a consolidation period, the acceleration toward new highs seems imminent. However, to reach this potential <em>All-Time High</em> (ATH), the market may need to experience some necessary adjustments.</p>
<h2 id="h-vers-un-record-historique-la-montee-en-puissance-du-bitcoin">Towards a historic record: the rise of Bitcoin</h2>
<p>The appeal of Bitcoin has continued to grow in recent years, despite notable fluctuations. Today, with a price hovering around $73,000, many wonder if this iconic cryptocurrency is crossing a historic threshold.</p>
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<p>The week began strongly with a <a href="https://www.cointribune.com/en/?p=739601" target="_blank" rel="noopener noreferrer nofollow">BTC/USD climbing 4%</a>, supported by a bullish momentum that intensified after Wall Street opened on October 29.</p>
<p>For analysts, this rapid rise could signal a new historical peak, but some warn: a technical pullback is likely before Bitcoin skyrockets to this ATH. Keith Alan from Material Indicators emphasizes that this “support test” would solidify BTC’s position, thereby strengthening the foundations of this progress.</p>
<p>As liquidity concentrates around $70,000, observers note reduced selling resistance, which is a strong signal for investors.</p>
<p>This strategic repositioning reflects increased confidence, although caution remains prudent: any break of support could lead to a temporary correction before another bullish push.</p>
<h2 id="h-une-convergence-de-catalyseurs-pour-propulser-le-bitcoin">A convergence of catalysts to propel Bitcoin</h2>
<p>Several geopolitical and macroeconomic factors could favor Bitcoin in the coming weeks.</p>
<p>Expectations related to upcoming unemployment figures in the United States, for example, are being scrutinized by traders who believe that favorable data could give Bitcoin a boost.</p>
<p><a href="https://x.com/CryptoMichNL/status/1851187224504840608" target="_blank" rel="noopener noreferrer nofollow">Michaël van de Poppe</a>, a recognized analyst, even believes that “this week might very well be the week of the ATH”.</p>
<p>This anticipation is accompanied by a broader perspective, including the upcoming U.S. presidential elections, the rise of Bitcoin ETFs, and the solid performance of the stock markets.</p>
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<p>These elements contribute to increased volatility and prompt market participants to take positions, as evidenced by the high levels of open interest in perpetual swaps on exchanges, reaching annual records.</p>
<p>The market thus appears ready for an ascent, although every movement remains contingent on sensitive macroeconomic data that can change the course in the blink of an eye.</p>
<h2 id="h-une-attente-febrile-pour-le-retour-a-la-decouverte-des-prix">A feverish anticipation for the return to price discovery</h2>
<p>The return to Bitcoin price discovery, after a long period of stabilization, captivates investors and cryptocurrency enthusiasts. Josh Rager, a popular trader and analyst, succinctly summarizes this mood by stating that he expects “a break of the ATH, followed by a pullback, then sustained growth”. This forecast reflects the cautious approach adopted by many participants, aware of the challenges posed by BTC’s volatility.</p>
<p>With an optimistic positioning, strengthened by solid catalysts and growing interest in digital assets, Bitcoin could very well cross a major threshold in the coming days.</p>
<p>However, each progression brings its share of uncertainties: a pullback could be as much a buying opportunity as a test of market resilience. For cryptocurrency enthusiasts, the week is thus shaping up to be thrilling, marked by the anticipation of a potential historic record and the quest for <a href="https://www.cointribune.com/bitcoin-btc-decouvrez-tout-de-la-reine-des-cryptos/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin stability.</a></p>

Is Bitcoin On Its Way To An ATH?

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