‘Crypto winter is over,’ analyst says as bitcoin tops $86,000: Chart of the Day

Bitcoin held near $86,000 on Tuesday following a substantial rally spanning multiple sessions, as risk-on sentiment drove investment into cryptocurrencies coinciding with declining oil prices. The sharp move prompted analysts to characterize the downturn in digital assets as concluded, though observers cautioned that future price movement may not proceed without volatility.
Fundstrat’s head of digital assets stated the breakout appeared credible and signaled an end to the crypto winter cy