Bitcoin Enters “Uncharted Territory” as Macro Outlook Grows Bullish

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Bitcoin is holding steady above $16,000, even gaining some slight momentum above this level as buyers remain in full control This price action has been undoubtedly bullish for the cryptocurrency, with a daily close above this level confirming that this latest push higher is more than a fleeting pump Now that buyers have flipped this into support, it could be time for the crypto to see even further gains in the near-term One analyst explained that he believes Bitcoin is now entering what he describes as “uncharted territory” He notes that this type of technical strength at prices this high is unprecedented Bitcoin has been flashing signs of immense technical and fundamental strength as of late, with the cryptocurrency continuing to push higher as bears struggle to gain any momentum. The strength of its recent uptrend has been unwavering. Bears have attempted to reverse the trend back into their favor…

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