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Over the last 5 days, nearly $900 million has been captured by these new investment vehicles. And since the end of June, there have been more than $1 billion in inflows. What if the return below $60,000 had aroused interest from investors? Despite everything, the capital flowing into ETFs is still much lower than the hundreds of millions of dollars that landed daily at the beginning of the year.
Buyers must defend the $57,000
In the space of a few days, the price has stuck twice at the resistance level at $59,000. Therefore, buyers must now defend the support at $57,000 to avoid another wave of decline:
A fall below 57,000 $ could send the price to support at $52,500. On the other hand, if the bulls manage to maintain the price above $57,000, the price could return to $59,000. As long as BTC evolves below the bearish trendline, it will remain fragile. The RSI has been trending upward for several weeks, but it will be necessary to close above 70 to confirm the bullish divergence.
The price of Bitcoin continues positive days on spot Bitcoin ETFs, but the price remains fragile. Indeed, buyers are unable to get BTC back above $60,000. The risk now is to experience a further decline which could bring BTC back to $52,500. A new fall that could seriously hurt altcoins.
BITCOIN NEWS THAT COUNTS
With the fall experienced in June and the loss of $70,000, Bitcoin recorded the worst post-halving performance.
Between 2018 and 2023, Bitcoin miners in Malaysia stole $723 million worth of electricity. The miners tried to hide their illegal activity by avoiding electricity meters.
Donald Trump will participate as a speaker at the Bitcoin Conference 2024 in Nashville. Cryptocurrencies now have their place in political debates.
Over the last 5 days, nearly $900 million has been captured by these new investment vehicles. And since the end of June, there have been more than $1 billion in inflows. What if the return below $60,000 had aroused interest from investors? Despite everything, the capital flowing into ETFs is still much lower than the hundreds of millions of dollars that landed daily at the beginning of the year.
Buyers must defend the $57,000
In the space of a few days, the price has stuck twice at the resistance level at $59,000. Therefore, buyers must now defend the support at $57,000 to avoid another wave of decline:
A fall below 57,000 $ could send the price to support at $52,500. On the other hand, if the bulls manage to maintain the price above $57,000, the price could return to $59,000. As long as BTC evolves below the bearish trendline, it will remain fragile. The RSI has been trending upward for several weeks, but it will be necessary to close above 70 to confirm the bullish divergence.
The price of Bitcoin continues positive days on spot Bitcoin ETFs, but the price remains fragile. Indeed, buyers are unable to get BTC back above $60,000. The risk now is to experience a further decline which could bring BTC back to $52,500. A new fall that could seriously hurt altcoins.
BITCOIN NEWS THAT COUNTS
With the fall experienced in June and the loss of $70,000, Bitcoin recorded the worst post-halving performance.
Between 2018 and 2023, Bitcoin miners in Malaysia stole $723 million worth of electricity. The miners tried to hide their illegal activity by avoiding electricity meters.
Donald Trump will participate as a speaker at the Bitcoin Conference 2024 in Nashville. Cryptocurrencies now have their place in political debates.