$BTC is back above $84K, but I'm not calling this a breakout yet.
Bitcoin dipped toward $83,500 before buyers pushed it back above $84,000.
The recovery is encouraging, especially with oil prices cooling and some pressure easing across risk markets.
But there's something I wouldn't ignore.
US spot Bitcoin ETFs reportedly saw around $681 million in net outflows last week. That's not exactly the kind of institutional demand you want to see during a recovery.
For now, I'm watching two areas:
$84K needs to hold if buyers want to build momentum.
$85K is the next level where I'd expect another test of strength.
If BTC slips back below $84K, the move could turn into another short-lived bounce.
I'm interested in the recovery, but I want confirmation before getting too bullish.
$BTC
#BitcoinReclaims$84K #Bitcoin #CryptoMarket #BitcoinAnalysis #CryptoTrading
Bitcoin dipped toward $83,500 before buyers pushed it back above $84,000.
The recovery is encouraging, especially with oil prices cooling and some pressure easing across risk markets.
But there's something I wouldn't ignore.
US spot Bitcoin ETFs reportedly saw around $681 million in net outflows last week. That's not exactly the kind of institutional demand you want to see during a recovery.
For now, I'm watching two areas:
$84K needs to hold if buyers want to build momentum.
$85K is the next level where I'd expect another test of strength.
If BTC slips back below $84K, the move could turn into another short-lived bounce.
I'm interested in the recovery, but I want confirmation before getting too bullish.
$BTC
#BitcoinReclaims$84K #Bitcoin #CryptoMarket #BitcoinAnalysis #CryptoTrading