Spot Bitcoin ETF inflows can have a delayed effect on the BTC price, which takes a couple of days to materialize, according to market analysts.
Bitcoin Analysis news
Bitcoin whale accumulation, chart technicals, and a declining stablecoin dominance hint at a BTC price bull run ahead.
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
New and old Bitcoin whale wallets have been gobbling up BTC, mirroring a 2020 trend that saw the asset rally by 550%.
Bitcoin pulled back from its range high as investors moved to greener pastures, but a possible misstep by the SEC could benefit BTC.
Bitcoin’s price rejection at $68,500 and the record high use of leverage could be signs that BTC is in for a sharp correction.
Bitcoin price remains in a seven-month downtrend despite the record ETF net flows.
Crypto market analysts believe Bitcoin price may see a “corrective move” before a major rally in Q4 2024.
Bitcoin’s failure to hold $68,000 could be an early sign that a price reversal is beginning.
Bitcoin open interest is rising and bulls are eyeing new all-time highs above $75,000 as “Uptober” begins to take shape.