Bitcoin has seen a resurgence with a close just over $69,000, marking its highest weekly close since June. As bulls anticipate a retest of all-time highs, there remains debate about whether the cryptocurrency has exited a seven-month downtrend. An upcoming release of jobless claims and the Fed's Beige Book could influence market sentiment, especially amidst rising inflation concerns. Currently, Bitcoin's mainstream interest is notably low, with search interest hitting a four-year low at a score of 22. Analysts highlight the potential challenges ahead, emphasizing increased leverage in the derivatives market that poses risks to long positions. Some traders believe Bitcoin needs to maintain momentum for further gains, with critical resistance levels just above $70,000. Despite the price rally, the lack of broader retail engagement in Bitcoin remains a concern, indicating that a true recovery may hinge on generating renewed public interest in the cryptocurrency.

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