Bitcoin is on fire.


BTC just notched its 8th straight daily green candle, the longest streak since Dec 2020.
Blasting past $74,300 and liquidating $143M in shorts along the way.
What lit the fuse?
• A brutal short squeeze after breaking $72.5K resistance, forcing buys higher.
• Easing Hormuz/Iran tensions (oil dropping from $120 → $101 on ceasefire whispers).
• Traders front-running tomorrow’s FOMC decision, plus softer Feb CPI (2.4% YoY) fueling rate-cut hopes.
• BTC decoupling from geo-risk, acting as a real hedge while traditional assets wobble.
ETH jumped 7.6%, hinting at an altcoin rotation soon. Total crypto market cap is now ~$2.52T and fear is easing fast.
Direction? Bullish momentum is strong. Watch $75K resistance overhead. A dovish Powell including positive geo news could mean more upside. A hawkish tone or renewed tensions? We could retest $72K support.
Bitcoin isn’t just risk-on anymore, it’s the hedge kings want when chaos hits.
What do you think, $80K next?
BTC0,75%
ETH-0,06%
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