Bitcoin has recently surged above the $60,000 mark, driven by various macroeconomic factors. This has generated excitement among traders who are now predicting a potential breakout to $70,000.
One of the key factors influencing Bitcoin's price is the Federal Reserve's recent meeting minutes, which suggest that rate cuts are likely in the near future. Lower interest rates typically increase global liquidity, which is bullish for Bitcoin.
Additionally, political developments, such as the increased chances of Donald Trump gaining political influence, are also contributing to this positive momentum for Bitcoin.
