Bitcoin soared to $26KBro,
BTC/USD is rocking today's #Communitymetre! Let's see why it reached its
9-month-high.
The US finance regulators promised to help the depositors of SVB and Signature Bank.
Western Alliance Bancorp and First Republic Bank shares fell by 80% and 50%.
Joe Biden claimed the US banking system is safe. Right after, Bitcoin rose by 6%.
Binance announced it would convert $1B worth of $BUSD to BTC and other cryptos.
The core rate of US inflation increased to 0.5%.
All that became a solid background for $BTC growth
And what do indicators say about this?The price has been moving from the lower Bollinger band and, amid the news, increased sharply, hitting the upper band twice. On the 4h chart, MACD lines are moving almost in parallel and showing no intentions of having an intersection: this supposes that the uptrend is tending to last. The 1d chart looks optimistic too.
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