Is the Bitcoin Sideways Phase over?

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Recent developments in the cryptocurrency market suggest that Bitcoin may be shedding its stagnant phase, propelled by significant global economic indicators and market trends. With the eruption of Bitcoin’s price to $66,000, the market observes a potential end to its 80-day lateral movement, raising prospects for new highs. Let’s explore the nuances behind this rally and unravel what could be next for Bitcoin and the broader crypto sphere.

Key Points

Below I have summarised the most important updates and an outlook for the market.

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