$BTC has now closed 4 consecutive weeks in green for the first time since April 2025. - Weekly MACD has flipped bullish. - Price has reclaimed April 2025 lows. - RSI has reclaimed the long-term support line. The next key level for Bitcoin is $80K, and a clean breakout above it will confirm a reversal. A rejection from $80K will push BTC towards the $74K support zone. There are several key events too this week, which will decide the next BTC move. - US and Iran indirect talks - BOJ decision on Tuesday - FOMC and earnings report on Wednesday - ISM PMI data on Friday. Looking at the macro, several things are aligned together, which has historically been bullish for crypto. - The Russell 2000 is hitting new highs. - ISM has printed 3 consecutive months above 52. - New Fed Chair could be confirmed in a few weeks. - US M2 supply is at new highs - The Fed is injecting liquidity into the markets. All it needs now is a BTC breakout above $80K with rising Coinbase Premium, and we could see a broader crypto market rally.
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