These days, the BTC price is hovering around $77K and I notice that the flow from the spot ETF remains strong. Last week, major players like BlackRock and Fidelity bought over $240 million in a single day — that’s a lot. The price of Bitcoin was between $72K and $74K at that time, and now we’ve moved higher. It seems that institutional demand is building a strong foundation in the market.



However, I keep in mind the caution of analysts — the market structure is giving mixed signals. Speculators are in huge long positions, which creates the risk of quick profits. If the BTC price can break through this critical zone, it could head toward $80K , but if it breaks down, it might correct back to $66K . Everyone is watching to see which way it will go.
BTC-1.82%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin