Bitcoin Surges Near $37,000 as U.S. Buyers Fuel Sudden Rally
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Bitcoin neared $37,000 on Nov. 9 in a fresh price surge that took traders by surprise.
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U.S. buyers appear to be driving Bitcoin's latest bullish move according to on-chain data.
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Some speculate the rally is tied to hopes for a U.S. Bitcoin spot ETF approval, which could theoretically come soon.
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Analyzing market signals, overnight gains invalidated bearish indicators on trading tools for the first time.
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While the short-term uptrend remains intact, some liken the move to late January before Bitcoin's bull run peaked.