Bitcoin set for 8.6% weekly gain as bull run continues

Crypto traders are starting to put Bitcoin's ( BTC-USD ) all-time high of ~$69K in November 2021 on their radar amid the broader bullish sentiment. "Bitcoin appears to target $57,000 as its next resistance, and considering its performance in the previous halvings, the odds for another leg being higher are increasing," said 10x Research's Markus Thielen. According to Google Trends, search interest in ‘Bitcoin’ is still low compared to the last time Bitcoin crossed $50k in 2021, said Cory Klippsten, CEO of Swan Bitcoin, a Bitcoin financial services company. "This suggests that the average retail investor has not participated in this recent rally, signifying that Bitcoin is in the early stages of a new bull cycle," added Klippsten. Bitcoin To The Moon? The 2024 Halving Rally Begins Assessing Bitcoin's Fundamentals Bitcoin Near $50,000, What Next? MicroStrategy's $10B bitcoin stash sits on 70% unrealized profit What's next for Bitcoin after its recent upswing? SA analysts give their predictions