Bitcoin's price recently experienced a decline but is now recovering, with support from institutional investors potentially pushing the price higher. Data shows that Bitcoin exchange-traded funds (ETFs) hold over $58 billion worth of BTC, indicating strong demand for regulated exposure to the cryptocurrency. Institutional investors play a crucial role in Bitcoin's potential recovery and future growth. The overall macro momentum of Bitcoin is favorable, with selling pressure decreasing and profit booking slowing down. If institutional demand remains strong, Bitcoin could aim for a price surge, but breaking the resistance at $65,292 is essential. If institutional demand weakens, Bitcoin may struggle to break past $65,292 and could test its support level at $61,868.



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