In brief
- Bitcoin traded around $86,000 on Monday, roughly $1,200 below the $87,354 swing high that has capped the rally.
- Macroeconomic winds have turned in Bitcoin's favor, with potential future catalysts around the corner.
- The daily chart has painted a decidedly bullish picture, with Bitcoin entering a second, stronger "golden cross."
Bitcoin is starting the week on the front foot. It still can't clear the ceiling, but investors have reason to be optimistic.
The top crypto asset traded around $86,100 on Monday morning, up 1.14% in 24 hours, with a market capitalization of $1.73 trillion. The entire crypto market is worth $2.94 trillion, up 1.36% on the day, and the Fear & Greed Index sits at 68, still in "greed" territory and stabilizing sentiment after a dip from “extreme greed” readings last month.
