Bitcoin hits multi-month high: how far can this rally run?
- —Bitcoin broke through several key technical levels as it rallied
- —Inflows into spot Bitcoin ETFs resumed
- —A short squeeze amplified the price move
- —Retreating oil prices improved the market backdrop
Why it matters: If the rally is confirmed by ETF inflows and sustained demand, it could prove more than a short-term bounce.
Source: BTC-ECHO