Technical Factors Driving Bitcoin's Surge Bitcoin has been on a steady uptrend since the beginning of the year, with a series of higher highs and higher lows. This pattern, known as an uptrend, is a strong indicator of bullish sentiment in the market. In addition, Bitcoin's price has recently broken through key resistance levels, such as the $60,000 mark, indicating strong buying pressure from investors. Fundamental Factors Supporting Bitcoin's Rally The recent announcement from the US Congress, stating that banks can now hold cryptocurrencies on behalf of their customers, has provided a major boost to Bitcoin's price. This move is seen as a step towards mainstream adoption and greater legitimacy for cryptocurrencies. In addition, major companies such as PayPal, Visa, and Tesla have also shown support for Bitcoin, further solidifying its position as a valuable asset in the eyes of investors. Crypto Tickers and Trending Hashtags As Bitcoin's price continue...
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