Bullish Breakout Opens Doors for Bitcoin to Rally Towards $35,000 Target

The recent Bitcoin price rally has sparked excitement and FOMO among crypto enthusiasts.

Institutional interest in Bitcoin ETFs has contributed to the bullish sentiment and given investors regulated options to participate in the BTC market. With BTC smashing through the $31,000 hurdle and eyeing the next target of $35,000, the bulls are clearly in control.

However, the RSI's position above 70 suggests a pullback is imminent, and longholders are advised not to FOMO into the market. The IMF's proposal to feature crypto transactions in national statistics highlights the growing recognition of digital assets.

The rally has generated hype in the crypto community, as investors remain bullish on the future of Bitcoin and the wider crypto market.