Bitcoin continues to exhibit bullish momentum, trading above its 7-day and 30-day moving averages, according to Markus Thielen, founder of 10x Research. The cryptocurrency has gained 1.1% over the past week, supported by ongoing institutional purchases and corporate treasury accumulations. Despite a brief consolidation phase, Bitcoin's market dominance remains above 60%, signaling strong market confidence. Thielen notes that while Bitcoin leads, certain altcoins, especially privacy coins and those linked to RWA infrastructure, are forming potential bottoms. This development comes amid speculation about a national strategic reserve announcement, which has further bolstered bullish sentiment in the market.