In brief
- Bitcoin just posted its strongest week since May with a 9.07% gain.
- Weekly price data shows strong bullish momentum, giving BTC more room to run.
- Myriad prediction market users are mostly bullish on BTC price prospects, with some disagreement in the short term.
Bitcoin just completed its strongest weekly run since May, a 9.07% gain that took prices from $109,231 to $119,400, en route to a new all-time high above $123,000. Can it keep it going?
This impressive weekly rally marks a decisive breakout from the consolidation pattern that had contained prices since late May. The Crypto Fear & Greed Index has climbed to 72, firmly in “greed” territory, reflecting renewed investor confidence across digital assets as institutional adoption accelerates.
Over on Myriad, a prediction market created by Decrypt’s parent company Dastan, users are firmly bullish on the idea of Bitcoin maintaining its momentum—for the most part. Predictors have now placed the odds at a whopping 91% that Bitcoin stays above $100K throughout the month of July, up from around 70% just days ago. Myriad users a
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Author: Jose Antonio Lanz
Tip BTC Newswire with Cryptocurrency