Bitcoin has experienced a resurgence in price after a week of significant crashes. The announcement of a US crypto strategic reserve by President Donald Trump has boosted bullish momentum for Bitcoin and other cryptocurrencies. Financial analyst Peter Brandt has outlined six reasons why Bitcoin has flipped bullish, including a 30% correction from its all-time high, finding support along its parabolic advance, successful retest of a CME futures gap, the emergence of a reversal candlestick pattern, the regaining of strength according to a trailing stop rule, and high-volume selling indicating a confirmation of bullish momentum. Bitcoin's market capitalization has increased by approximately $166 billion in the last 24 hours. The rally is expected to continue, potentially surpassing the $100,000 mark as institutional investments pick up.



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