$BTC Current: about $80K
BTC This round of renewed strength is supported by more than just market sentiment.
In recent weeks, a weaker US dollar, changes in expectations for long-term yields, improved regulatory expectations, and continued inflows into the spot BTC ETF are all providing support for BTC.
In August, the ETF has remained in consecutive net inflows, with roughly $232M flowing in on a recent single day.
But if it can break through $80K → with increased volume → and a pullback that does not break
then its upside potential will be very large #BTC
BTC This round of renewed strength is supported by more than just market sentiment.
In recent weeks, a weaker US dollar, changes in expectations for long-term yields, improved regulatory expectations, and continued inflows into the spot BTC ETF are all providing support for BTC.
In August, the ETF has remained in consecutive net inflows, with roughly $232M flowing in on a recent single day.
But if it can break through $80K → with increased volume → and a pullback that does not break
then its upside potential will be very large #BTC