CandleFocus

Bitcoin 2-Month Low Fakeout: Inflows and Accumulation Return, Sparking Price Rebound

Bitcoin recently experienced a significant drop, but quickly rebounded, signaling resilience in the market. ETF inflows into Bitcoin have surpassed previous averages, indicating growing confidence in crypto as an investment. Shrimp investors are accumulating BTC at a high rate, reflecting optimism about future price increases. Despite a recent dip, market sentiment suggests Bitcoin could breach the $95,668 resistance level and reach $100,000. However, if it struggles to break through, a range-bound trading pattern may continue.

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