$71,000+ #Bitcoin not seen since June 7th https://x.com/i/web/status/1851095920261341344

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The market trend is on the rise. What factors are at play?

BTC breaks through $71,000, is a new high just around the corner?

Here is the English translation:

BTC (BTC) reached a high of $70,332 around 6 AM this morning (29th), the highest in three months. As of the time of writing, it has slightly retreated and is currently trading at $69,890, up 3.15% in the past 24 hours. It has also broken the downward trend line since March this year, making investors excited again, hoping that BTC can challenge the historical high of $73,679 set in March.

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Bitcoin breaks through 70,000 and Ethereum climbs $2,600, but BTC’s open interest reaches a new high, suggesting that a reversal is coming?

Here is the English translation:

As for the current cryptocurrencies, Bitcoin can no longer be considered a <crypto> asset, while others are in PVP.

On October 29th, the Bitcoin that had been stumbling for 3 months finally stood above $70,000 again. $70,000 seems to be a key whole number, which is not only the peak of the 2021 bull market, but also the psychological whole number for many people to judge whether to get on board. The all-time high of Bitcoin was $73,777 in March this year, which is only a 5% difference, and everything will be different again.

The whole number in a bull market still needs a sense of ritual. Looking back, what reasons could have lifted the market...