Bitcoin Surges Past July Highs, Eyes $35,700

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Bitcoin Surges Past July Highs, Eyes $35,700
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Market Analysis by MarketPulse (Ed Moya) covering: US Dollar Index Futures, United States 10-Year, BTC/USD, Bitcoin Futures CME. Read MarketPulse (Ed Moya)'s Market Analysis on Investing.com

is rallying alongside tech stocks as the bond market has a major reversal. Today’s rally that took prices to a three-month high is not about spot Bitcoin ETF optimism but about a significant reversal in the

There is still a risk that investors might prefer stocks to cryptos. As long as the Fed is done with this hiking cycle and soft landing hopes remain, that should be a positive backdrop for Bitcoin. Some Bitcoin supporters believe that the next halving in 162 days could potentially be the key catalyst to send Bitcoin back above the $40,000 level. A lot needs to go well for crypto, but at the very least it seems regulation won’t kill the space.It’s been a month, see here, since we last presented our Elliot Wave Principle update for Bitcoin, as it barely moved until October 16. But that all changed that day....The U.S.

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