The signal bitcoin momentum traders have been waiting for is here
CoinDesk·2h ago·Neutral
What Happened
Bitcoin surged above $78,000, breaking weeks of $65,000-$75,000 trading range as geopolitical tensions eased following U.S.-Iran ceasefire extension. Momentum traders view the breakout as confirmation signal. Exchange holdings dropped to multiyear low of 2.67 million BTC, suggesting continued investor accumulation and potential supply constraints ahead.
Key Entities
BitcoinUSD 78,000USD 65,000-75,000Donald TrumpIranMomentum tradersCryptoQuant2.67 million BTC