Bitcoin Reaches $27K Amid Positive Market Indicators

Bitcoin is fighting to maintain its bull trend after closing the weekly candle just below $27,000. While the market is acting within a crucial zone, a relatively calm week of macro triggers means less chance of volatility from external sources. The upcoming difficulty adjustment is expected to take it to yet another all-time high, and the case could be made for upside continuation. Meanwhile, the Federal Reserve is set to deliver speeches this week, and Bitcoin network difficulty is due to resume all-time highs. Sentiment has seen a reset in recent days, with the Crypto Fear & Greed Index showing neutral market sentiment.