The post Bitcoin Surges Toward $70K, Bullish Momentum Builds appeared first on Coinpedia Fintech News
A widely-tracked momentum indicator, the MACD, has flipped positive for the first time since April, signaling renewed bullish momentum for Bitcoin. This indicator, which previously marked the start of rallies in late 2022 and 2023, now supports a potential breakout above $70,000. Bitcoin has surged nearly 30% since September lows, reaching $69,500 in recent trading. With rising stablecoin liquidity and favorable macroeconomic factors, analysts believe Bitcoin could push toward $100,000 by year-end, echoing optimism from past bullish flips.
