Bitcoin Surpasses $77,000 in Its Best Weekly Performance Since 2023

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Bitcoin surged past $77,000, marking a 24% gain since Monday in what has been its strongest weekly performance since 2023. The rally followed a technical breakout from an inverse head-and-shoulders pattern, reaching the price level that formation implied. The broader crypto market benefited as well, with altcoins rising alongside Bitcoin's momentum. Despite the bullish move, some traders maintained short positions, taking a contrarian stance against the upward trend.

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