The tweet was deleted by the author.
But we saved everything 🙂.
Bitcoin reaches new recovery high of $78,344, BitcoinTalk notes
BitcoinTalk, industry influencer, highlighted that Bitcoin continued its upward momentum last week and achieved a new recovery high of $78,344. The rally began from a low of $60,033.
BitcoinTalk added that despite this move, it could still be described as a bear flag, similar to a bear market rally that occurred last fall. In their view, Bitcoin appears to be building a large base in preparation for potential further price moves.
BitcoinTalk has tracked similar trends in other asset classes. Jurrien Timmer recently reported that the S&P 500 dropped 9.2 percent as its P/E ratio fell 18 percent during a period of volatility. In a separate note, he observed surprising weakness in gold prices despite geopolitical tensions. These observations provide context for Bitcoin’s current consolidation phase.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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