While the S&P 500 and Nasdaq reach record highs, Bitcoin remains lateral despite large treasury company purchases of the cryptocurrency. Political developments in the U.S. Contribute to stock market optimism but fail to translate into a price movement for Bitcoin.
Bitcoin traded between 106,759.65 USD and 108,798.79 USD recently, indicating a relatively tight range. Analysts suggest that with increased trading volume and favorable technical indicators, a breakout above resistance levels could signify a continuation of long-term upward trends.
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