CandleFocus Will Bitcoin’s Rally Continue? Analytics Company Representatives Speak Out
2024-10-18
Author: Content Editor
Bitcoin continues to rise, climbing for the fourth time in five days as speculators aim for $70,000. The cryptocurrency reached $68,898, the highest since July, with momentum driven by the macroeconomic backdrop. Investors have poured over $1.8 billion into US ETFs holding bitcoin this week, boosting market confidence. Expectations that the next US administration will be more crypto-friendly also contribute to optimism. However, experts advise caution as the polls for the upcoming presidential election are still close.
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