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Bitcoin at $70,000: The Three-Year Box Ends, A New Journey Begins!At the end of 2023, Bitcoin (BTC), after crawling along the 30-day moving average for 5 days and pulling the 7-day moving average back to the 30-day moving average, suddenly gained momentum, leaping upward and quickly breaking free from the "ground" of the 30-day moving average at $65,000. It decisively breached the "wall" of $70,000

Bitcoin Price and US 10-Year Treasury Yield: A Striking Negative Correlation Introduction: Over the past six months, Bitcoin price has exhibited a notable negative correlation with the US 10-Year Treasury Yield, reaching a correlation coefficient of -90.61%

Bitcoin made a strong rebound in the last week of March, reclaiming the $70,000 level. Market sentiment was bullish, with major cryptocurrencies posting gains, and Coinbase reported its lowest BTC supply in nine years

MatriexportResearch Director andDeFiResearchfounderMarkus ThielenIt is expected that Bitcoin's upward trend will continue and push its price to $40000 by the end of the year.In a recent report, Tillen stated that his optimistic outlook is based on various factors, including the positioning of the options market and expectations for the Fed to adopt a dovish stance

Bitcoin briefly fell below $35000 the day before yesterday and then showed a strong rebound, reaching a high of $37980 in the morning, once again reaching a new high for the year! Ethereum has also returned to above $2050, and the bearish Air Force has once again provided fuel.If you want to learn more about the relevant knowledge and cutting-edge information of the coin circle, please feel free to consult me at LSTT0192

Given that regulatory authorities may quickly approve the first physical Bitcoin Exchange Traded Fund (ETF), Bitcoin (BTC) has risen to over $37000, setting its highest price in 18 months. According to historical data analysis, this rebound indicates that the asset may trigger a major bull market

Note: This article is from @ cheng_ Shutong Twitter, organized by Mars Finance as follows:The Bitcoin ecosystem will take one year to complete the 5-year journey of EthereumICO+DeFi+Metaverse+NFT+L2s, etc1. Why can Bitcoin be used on these roads?The first point is that these narratives have been proven to be objective results screened by the market

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On the Bitcoin platform, $36000 hit a new high since May last year, with a daily increase of 1.3%

Preface:The digital asset market continues to exhibit impressive relative performance,BTC and ETH have both appreciated significantly relative to the US dollar and gold.However, within the industry, Bitcoin's dominant position continues to rise, as evidenced by several indicators and methods of observing capital rotation

According to Econometrics, the volatility patterns typically associated with Bitcoin will undergo significant changes by 2023. Compared to the previous decade, this year is an unprecedented period of stability, with volatility consistently hovering between 20% and 40%

The price of Bitcoin (BTC) has significantly increased, approaching the $36000 mark, causing ripples in the cryptocurrency market. Although multiple factors have contributed to price increases, an important driving factor seems to be the Federal Reserve's decision to stop raising interest rates, although there may be further hikes in the future