BitcoinWarrior

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Bitcoin Rallies 6% Above $42,000: ‘Very Bullish Long Term’ Development, Says Technical Analyst

Just days after a technical analyst suggested the Bitcoin (CRYPTO: BTC) chart is “beautifully bullish,” Bitcoin surged beyond $42,000. What Happened: Bitcoin rallied 5.6% beyond the $42,000 mark to end the week on a high. Technical analysts now see a move beyond $40,550 to trigger a rally to $43,000. One analyst on X saw this as the most difficult day psychologically for many people, as they witnessed green days after so many red ones making them feel, “I missed it.” Liquidation in the past 24 hours stood at $43.35 million, with short liquidations accounting for the majority ($38.88 million) b…