Bitcoin tops $77,000 as best week since 2023 pulls altcoins along for the ride

Bitcoin rallied 24% from Monday through $77,000, marking its strongest week in roughly two years and hitting levels implied by a completed inverse head-and-shoulders chart pattern. The move has lifted altcoins with it, and despite the sharp upside, short positions remain elevated—suggesting either capitulation hasn't fully played out or traders are hedging further upside exposure.

The full story is at coindesk.com

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