Bitcoin is exhibiting bullish trends as it enters a pivotal week, with the energy oscillator reaching extreme levels, indicating potential accumulation. The cryptocurrency is currently trading at $89,000, requiring a 28% increase to reach its previous high of $126,198.07. Market sentiment is expected to be influenced by the Federal Reserve's T-bill purchases and upcoming macroeconomic data. Additionally, the fear and greed index suggests a shift in investor psychology, potentially supporting further market gains.
Bitcoin Shows Bullish Signals as Key Market Week Approaches
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