Crypto
Bitcoin jumps from $60,000 to $70,000 range; analyst sees pattern like early 2019 and 2023 bull markets
Bitcoin has surged 26.81 percent over the past week, rising from the $60,000 range to the high $70,000s. Analyst Ali Charts said the jump resembles rebound patterns seen at the end of past bear markets. He pointed to a short squeeze as a key driver, where forced liquidation of short positions accelerates gains. He compared the move to weekly rallies in 2019 and January 2023, while cautioning the pattern may not repeat.
