Bitcoin hits $74.4K six-week high as analysts see ‘more upside’ for BTC

Bitcoin’s relief rally pushed its price above the 50-day SMA as analysts say further upside potential is increasing amid rising open interest.

Bitcoin (BTC) found fresh strength during the early Asian trading hours on Monday as bulls eyed further short-term gains. 

Key takeaways:

Bitcoin price rises to a six-week high of $74,400 on Monday, liquidating $300 million in shorts.

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