Last week was a game of two halves for BTC, as it rallied to a high of $76,000 on Tuesday only to trade down to almost $68,000 on Sunday as the market responded to PPI data, Fed comments and ongoing tension in West Asia. BTC, however, remains above its March open, in contrast to the volatility seen in the S&P500 index, with potentially clear air above $72,000, if the market has sufficient conviction to get there.
We analyse whether BTC can return to those levels.