Bitcoin has been on a bullish trend since the start of the year, with prices appreciating nearly 39% in January and reaching multi-month highs of around 23980.62 [1]. Recently, there has been much discussion about the upcoming Consensus 2023 conference, which is expected to create a bullish golden cross on the bitcoin and S&P 500 charts [2]. On February 02, Bitcoin surged above $24,000, as markets continued to react to the increased interest rates by the Federal Reserve [3]. Ethereum also rallied, with prices nearing $1,700. This marks the strongest point for Bitcoin since August, and the closest Ethereum has been to its highest mark since September.
References:
[1] Bitcoin Price Analysis: Cautious Above 23000 - 2 February 2023
[2] Bitcoin, S&P 500 Close In on Bullish 'Golden Cross' Signal
[3] Bitcoin, Ethereum Technical Analysis: BTC Jumps to 6-Month …