In a stunning financial development, Bitcoin has shattered expectations, soaring past the USD$60,000 mark for the first time since November 2021. This surge reflects a burgeoning confidence in Bitcoin, propelled by significant inflows into U.S.-based spot ETFs and a thriving cryptocurrency market.
#Bitcoin is officially back:
The price of Bitcoin just jumped from $60,000 to $63,500 in under 4 hours.
From a psychological and technical perspective, the break above $60,000 was crucial and sparked short covering.
As we noted in our premium service, key technical levels can…
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— The Kobeissi Letter (@KobeissiLetter)
February 28, 2024
