Bitcoin clears the 200 day ma to open up a move to $70k

Bitcoin trades at $64,385, up over 10% for the week.

Its gains were fuelled by expectations of imminent Fed rate cuts, rising Middle Eastern geopolitical tensions and after independent US presidential candidate Robert F Kennedy through his support behind the pro-crypto Donald Trump.

The push above the resistance from the 200-day ma, currently at $63,327, opens the way for the rally to extend towards trend channel resistance at 70k.