Bitcoin Options Traders ignore wider macro concerns in the short term, turning further bullish amid the uncertainty.

Almost sixty years after MLK gave the speech, crypto embodies Dr. King’s dream. It makes a dream much like his substantial and available to us in code and computer network design.

Despite the continuing struggles of FTX, Bitcoin and Ethereum prices have managed to remain resilient. Both Bitcoin (BTC) and Ethereum (ETH) have seen an upswing, indicating a positive sentiment for cryptocurrency investors.

For the first time since April 2022, the Bitcoin Fear & Greed Index (FGI) has moved out of the ‘fear’ zone and into ‘neutral.’

Expectations for bitcoin's (BTC) price over the next six months have turned positive after a long time, in another sign of confidence in the cryptocurrency's latest bull revival.

Crypto markets surged to regain the $1 trillion market capitalization mark over the weekend amid signs of bottoming and a record number of short liquidations contributing to the uptick.

The Bitcoin mining difficulty level jumped 10.26% on Monday morning in Hong Kong, hitting an all-time high reading of 37.59 trillion, as several U.S-based miners came back online from recent winter storms that forced them to unplug, according to data from BTC.com.

The highly-referenced Bitcoin Fear and Greed Index moved into neutral territory over the weekend following several months of fear. On Jan. 15, the index reached a neutral level of 52, its highest since April 5. The move follows a 24% gain for the BTC over the past seven days. The market sentiment tracker hit a multi-year low of 9 in June 2022. Since then it has been hovering between 20 and 30 in the “Extreme Fear” category. Furthermore, it registered its longest-ever streak of extreme fear in mid-2022, as reported by Cointelegraph. (Cointelegraph)

In a tweet yesterday, Veteran trader Peter Brandt shared a bullish outlook on Bitcoin in response to recent price action. While Brandt cautions that no one knows what the market will do, and this is his “dunce-hat” prediction, the analyst sharing his weekly and monthly chart indicates that Bitcoin is potentially forming an inverted head and shoulders chart pattern. In the short term, the veteran trader sees a rally to about $25k before the asset’s price pulls back to retest the potential neckline to complete the pattern. Notably, Brandt places the neckline support at about $18,387.5. (thecryptobasic)

Michael Saylor, the co-founder and executive chairman of American business intelligence firm MicroStrategy, has shared what he thinks will happen to bitcoin (BTC) in the next eight years while outlining how it will come into play.