This climb is supported by a robust trade volume of $42.41 billion and a market capitalization of $1.276 trillion, indicating increased trader optimism.

Bitcoin

The hourly chart for bitcoin (BTC) displays a steady upward movement, with prices rising from $61,402 to a peak of $65,583, before undergoing a minor consolidation. This trend hints at possible entry points during dips, suggesting a cautious stop-loss approach to prevent potential downturns. BTC's consolidation period presents a key moment for investors to leverage the persistent bullish momentum.

The four-hour chart strengthens the optimistic outlook, presenting reduced volatility and a more pronounced upward trend. There's noticeable buying interest, with potential support identified near the $64,000 threshold. This level marks a pivotal point for BTC traders, suggesting optimal entry points and underscoring the significance of trendline support in maintaining the climb.

Expanding the view to the daily chart reveals bitcoin's remarkable journey from $41,859 to $65,583, overcoming several resistance barriers along the way. This transition converts past resistance zones into novel support areas, providing a tactical edge for long-term traders. The chart's bullish configuration suggests strategies such as breakouts or cautious entries during retracements, stressing the importance of stop-loss orders for mitigating risks.

Indicators like the relative strength index (RSI) and the moving average convergence divergence (MACD) levels mirror the bullish sentiment, with some maintaining a neutral stance. Specifically, the momentum oscillator and MACD levels promote a bullish perspective, enhancing the positive forecast indicated by the price charts.