🚨 Bitcoin price has increased significantly, reaching over $71,000, which is a strong increase due to large investors and derivatives traders betting on a price of $80,000 and a potential end to the conflict in Iran resulting in lower oil prices. A breakout through the trendline resistance would lead to a Bitcoin price between $75,000 and $80,000 to as high as $100,000 by June. The increase in whales accumulating Bitcoin and Bitcoin ETFs along with a reduction in geopolitical tensions have created positive sentiment for Bitcoin; however, there are still risks associated with Bitcoin. Be wary of trendline rejections and economic data surprises in CPI and GDP.

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BTC

71,950

+1.60%