๐จ BTC seeks to consolidate around $80K! The "Debasement Trade" is back in motion following liquidity measures in the U.S. ๐
1๏ธโฃ Macro liquidity injection: The U.S. Treasury announced an increase to its bond buyback program to $4,000 million, which weakened the U.S. dollar index and reignited interest in safe-haven assets like Bitcoin and gold.
2๏ธโฃ Record ETF inflows: Bitcoin ETFs in the U.S. have logged more than $1,900 million in weekly net inflows, adding up to $7,000 million in combined positive flow between gold and BTC.
3๏ธโฃ Short liquidation (Short Squeeze): The breakout above prior resistance zones triggered forced closures of bearish positions, accelerating bullish pressure toward the psychological level of $80,000.
๐ค Do you think breaking the $80,000 barrier will pave the way to new all-time highs, or will we see a technical pullback before continuing? ๐ Share your analysis in the comments.
#bitcoin #CryptoNews #BinanceSquare #DeBasementTrade #TrendingTopic $ETH $BNB $BTC
1๏ธโฃ Macro liquidity injection: The U.S. Treasury announced an increase to its bond buyback program to $4,000 million, which weakened the U.S. dollar index and reignited interest in safe-haven assets like Bitcoin and gold.
2๏ธโฃ Record ETF inflows: Bitcoin ETFs in the U.S. have logged more than $1,900 million in weekly net inflows, adding up to $7,000 million in combined positive flow between gold and BTC.
3๏ธโฃ Short liquidation (Short Squeeze): The breakout above prior resistance zones triggered forced closures of bearish positions, accelerating bullish pressure toward the psychological level of $80,000.
๐ค Do you think breaking the $80,000 barrier will pave the way to new all-time highs, or will we see a technical pullback before continuing? ๐ Share your analysis in the comments.
#bitcoin #CryptoNews #BinanceSquare #DeBasementTrade #TrendingTopic $ETH $BNB $BTC
