Bitcoin ETFs are recording solid buying, a sign that traders believe to be an indicator that BTC will break through the range highs.
Bitcoin Price news
Bitcoin is showing strength by holding tight to the $68,000 level, but a run to new all-time highs will require one key component.
Bitcoin hovers around $68,000 as US election uncertainty mounts, but a bullish breakout hints at a potential surge to $100,000.
Analysts expect Bitcoin’s price consolidation to end soon, paving the way for a “huge move” upward.
Bitcoin is dropping bullish hints left and right as the “Uptober” monthly close, US Presidential Election and Fed interest rate decision draw near.
Spot Bitcoin ETFs will need to make an average of $301 million in net inflows per day to get it done this week.
Bitcoin’s bounce back to $68,000 raises the chance of a rally in SOL, DOGE, RUNE and BGB.
According to the paper, central banks collectively hold $2.2 trillion in gold as of Q1 2024 and continue to expand their gold allocations.
Bitcoin rapidly rids itself of record open interest but concerns remain over the short-term BTC price trend.
Bitcoin solidifying its position “above all key moving averages” suggests that bulls are “firmly in control” as long as the price holds above $66,500.