Bitcoin’s technical indicators look promising, with its 50-day moving average recently crossing above its 200-day average, which is commonly seen as a positive signal for future growth.
Bitcoin’s dominance in the market has increased to 65%, a level last achieved during the bull run of 2021.
According to data from CoinDesk Indices, Bitcoin is now outperforming other large cryptocurrencies, including those in the CoinDesk 20 (CD20) index, which rose by 9.6% in the same period.