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Bitcoin Price Forecast: BTC corrects as increased profit-taking offsets positive market sentiment
04/24/2025 10:00:42 GMT
|
By
Manish Chhetri
Bitcoin Price Forecast: BTC corrects as increased profit-taking offsets positive market sentiment
Bitcoin price faces a slight correction on Thursday after rallying 8.55% so far this week.
US Bitcoin spot ETFs recorded an inflow of $916.91 million on Wednesday, its third straight day of inflows.
Risk-on sentiment prevails as the Trump administration softens its tone on the Federal Reserve and trade tensions with China.
The technical outlook suggests the pullback could be mild, with a rally toward $97,000 still on the cards.
Bitcoin (BTC) is facing a slight correction, trading around $92,000 at the time of writing on Thursday, after rallying 8.55% so far this week. Despite the mild correction, institutional demand remained strong, as US spot Exchange Traded Funds (ETFs) recorded an inflow of $916.91 million on Wednesday, marking three consecutive days of gains. Moreover, the risk-on sentiment prevails as US President Donald Trump’s administration appears to be softening its tone on the US Federal Reserve (Fed) and trade tensions with China.
XStreet
Log in
Bitcoin Price Forecast: BTC corrects as increased profit-taking offsets positive market sentiment
04/24/2025 10:00:42 GMT
|
By
Manish Chhetri
Bitcoin Price Forecast: BTC corrects as increased profit-taking offsets positive market sentiment
Bitcoin price faces a slight correction on Thursday after rallying 8.55% so far this week.
US Bitcoin spot ETFs recorded an inflow of $916.91 million on Wednesday, its third straight day of inflows.
Risk-on sentiment prevails as the Trump administration softens its tone on the Federal Reserve and trade tensions with China.
The technical outlook suggests the pullback could be mild, with a rally toward $97,000 still on the cards.
Bitcoin (BTC) is facing a slight correction, trading around $92,000 at the time of writing on Thursday, after rallying 8.55% so far this week. Despite the mild correction, institutional demand remained strong, as US spot Exchange Traded Funds (ETFs) recorded an inflow of $916.91 million on Wednesday, marking three consecutive days of gains. Moreover, the risk-on sentiment prevails as US President Donald Trump’s administration appears to be softening its tone on the US Federal Reserve (Fed) and trade tensions with China.