🟡 Bitcoin’s price surged by 10%, surpassing the $63,000 mark. Traders are speculating whether this is the start of a new rally or just another fireworks display before a drop.
🟡 Peter Brandt, a well-known trader, believes that Bitcoin may be following its favorite pattern: “Peak… Drop… Rise… Fall… Surge.” Analyst Rekt Capital stated that Bitcoin’s downward trend has come to an end.
🟡 However, the major news of the day is Larry Fink, CEO of BlackRock, expressing his love for Bitcoin. He referred to Bitcoin as a legitimate asset and gave his full support for its inclusion in investment portfolios.