Global #bullish trend

The cryptocurrency market witnessed significant momentum over the weekend, with Shiba Inu (SHIB) making headlines as its price soared to a three-month high. This surge in SHIB’s value came alongside Bitcoin’s impressive climb, reaching $66,500, further energizing the broader altcoin market.

On September 27, the US spot Bitcoin ETF market experienced a remarkable surge, registering an inflow of $494.27 million. This influx marks the seventh consecutive bullish day for Bitcoin ETFs, indicating a strong resurgence of investor confidence in the cryptocurrency market.

Litecoin (LTC) has shown impressive performance recently, with a 12% increase over the last 30 days and a 5% rise in the past week, currently trading at $69. This bullish trend follows a breakout from an ascending triangle pattern on the one-day chart, successfully overcoming significant resistance at $67.

Despite a recent downturn, Floki (FLOKI) is demonstrating signs of recovery, with a notable 15.86% increase over the past week. Several bullish indicators suggest that the memecoin may be on the cusp of a further price uptrend.

In a notable shift within the cryptocurrency market, Bitcoin (BTC) is on the verge of forming a "golden cross," a bullish technical indicator that occurs when the 50-day moving average crosses above the 200-day moving average.

Bitcoin (BTC) has been on a downward trend since April, as observed in higher timeframe charts, particularly the weekly. However, the daily timeframes have shown considerable volatility, marked by notable price surges, such as the impressive 22% rally in July, which saw BTC climb from $56,000 to $68,000.