Bitcoin has reclaimed the $66k level, leading to increased market optimism and speculation of a significant BTC rally. Recent on-chain data suggests that new investors are beginning to accumulate BTC once again.
Historically, periods of new investor accumulation have been associated with substantial price increases. This renewed interest in Bitcoin comes amid signs of recovery in the broader cryptocurrency market.
The current bullish sentiment reflects growing confidence among market participants, anticipating upcoming price advancements in Bitcoin.