Bitcoin Surges Past $25K in Broad Crypto Rally.
TL;DR Summary
Bitcoin has broken through a major resistance level dating back to August 2022, reaching over $25,000 and setting its sights on the next technical hurdle above $28,000. The move has been attributed to Wall Street's tech-heavy Nasdaq index rising 2.6% on Thursday, confirming a bullish pattern on the daily chart. Markus Thielen, head of research and strategy at Matrixport, believes that Bitcoin now has the chance to climb to the next technical level.
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