odailyupdate

$BTC Odaily Planet Daily reports that Markus Thielen, founder of 10x Research, posted on X platform stating that Bitcoin has currently broken above the 7-day and 30-day moving averages. The short to mid-term trend remains bullish, with a 1.1% gain over the past week. Institutional buying and large enterprises continuously increasing their Bitcoin holdings have further boosted market confidence. However, the historical trend of 'buy the rumor, sell the news' led to a brief consolidation in the market afterward.
Markus Thielen's analysis suggests that White House advisors hinted at upcoming important news regarding national strategic reserves, further strengthening the bullish sentiment in the market. With Bitcoin's dominance maintaining above 60%, some altcoins are quietly bottoming out under fundamental catalysts, particularly privacy coins and RWA infrastructure projects that are worth keeping an eye on.#OdailyUpdate $BTC #Daily