🚀 Bitcoin continues to rise... what is supporting this momentum?
Bitcoin rose to 66,382$ , supported by the convergence of several positive factors at the same time:
📈 More than $700 million flowed into Bitcoin Spot ETF funds over 5 consecutive days—its longest streak since May.
🐋 At the same time, on-chain data suggests whales are continuing to increase their holdings, while large investors continue to build positions.
📊 In addition, some options traders are betting on Bitcoin reaching 72,000$ before the end of the month.
But the picture isn’t entirely positive...
⚠️ Markets are waiting for the U.S. Federal Reserve meeting (FOMC), along with major U.S. Treasury bond issuances, which could affect liquidity and market volatility.
💬 What do you think... will Bitcoin manage to keep climbing toward 72,000$?
This content is for educational purposes only and is not financial advice. Always do your own research (DYOR).
#Bitcoin #BTC #Crypto #ETF #DYOR
Bitcoin rose to 66,382$ , supported by the convergence of several positive factors at the same time:
📈 More than $700 million flowed into Bitcoin Spot ETF funds over 5 consecutive days—its longest streak since May.
🐋 At the same time, on-chain data suggests whales are continuing to increase their holdings, while large investors continue to build positions.
📊 In addition, some options traders are betting on Bitcoin reaching 72,000$ before the end of the month.
But the picture isn’t entirely positive...
⚠️ Markets are waiting for the U.S. Federal Reserve meeting (FOMC), along with major U.S. Treasury bond issuances, which could affect liquidity and market volatility.
💬 What do you think... will Bitcoin manage to keep climbing toward 72,000$?
This content is for educational purposes only and is not financial advice. Always do your own research (DYOR).
#Bitcoin #BTC #Crypto #ETF #DYOR