BTC Go To The Moon

Last week, Bitcoin hit $25,000, recording a new high in 2023. The crucial level pushed back, and BTC attempted a couple more retests to capture $25,000 before the weekly close, but it wasn't to be.

However, the good news is that Bitcoin seems to have decoupled from TradFi markets, with the Dow falling for the third consecutive week. Comparing the current behavior with BTC's previous halving cycle, it seems to be mirroring 2017. Analysts believe we could be in for a big move in the coming sessions.

Read More : Crypto Summer Begin in Q2?

At the moment, Bitcoin needs to recapture $25,000 comprehensively before embarking on any kind of rally.

Looking at on-chain data, Bitcoin's average block size has grown above 2.5 MB, an all-time high, thanks to the launch of Ordinals, the NFT protocol, in January. Experts believe Ordinals has the potential to push Bitcoin over the line in 2023.