Bitcoin has strengthened its bullish outlook after closing above a crucial long-term technical indicator for the first time since March 2023, signaling a potential shift in the cryptocurrencys broader market cycle. Bitcoin surged to around $85,897, breaking through heavy sell-side resistance that had capped gains since mid-August. The rally also pushed BTC decisively above the psychological $80,500 level, which analysts at Glassnode and CryptoQuant view as an important threshold for maintaining the emerging uptrend. On-chain indicators are reinforcing the bullish technical picture. Bitcoins… Read more
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