Bitcoin price must break this level to extend 6-week winning streak

Bitcoin price has been showing significant strength as Bitcoin (BTC) rallied by more than 60% in a matter of six weeks, surging from $10,000 to $16,500 and leaving many investors behind.

These investors were waiting for the close of the CME gap at $9,600, which didn’t occur. However, can the markets expect a correction to happen, or is further strength likely for the markets?

Bitcoin posts sixth consecutive green weekly candle

BTC/USDT 1-day chart. Source: TradingView

The daily chart shows…

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