🚀🎉 Bitcoin enthusiasts, buckle up! BTC has soared past $71,000 this week, breaking free from its weeks-long trading range. The driving force? A whopping $1.2 billion net inflow through ETFs over the past week. 📈💰

This influx of capital into Bitcoin ETFs has given BTC a much-needed boost, turning the tables for short-term investors who are now back in the profit zone. This reduces the chances of a sentiment shift from bullish to bearish. 🐂👍

CryptoQuant, however, predicts a consolidation period in the $60,000 to $70,000 range. There aren't any major economic factors currently that could trigger a massive influx of new capital and drive Bitcoin into a major price rally like in past bull cycles. 📉🤔

But don't lose hope! There are signs that the next major rally could kick off sooner than expected. The market is already buzzing with the speculation of the approval of spot Ether ETF, pushing the collective market cap above $2.55 trillion. 🚀🌙

Crypto analyst Ali Martinez points out a "minimal resistance" within the $70,180 to $70,600 price range. If Bitcoin can break through this range, the path of least resistance points higher. But if selling pressure halts the rally, it could temporarily cap the upside. 📊🔍

In short, a fresh wave of demand for Bitcoin could be on the horizon. So, keep your eyes peeled, Bitcoiners! 🎉🚀