Bitcoin $BTC is showing major resilience! đ After shaking off hot US inflation data, BTC bounced off the 50-day MA (~$81.5K) and is retesting $83K.
A solid daily close here opens the door to $85K.
Driving the rebound? Institutional demand. US spot Bitcoin ETFs just flipped from $228.6M in weekly outflows to a massive $526.7M net inflow on Mondayâproving institutions are buying the dip. đđ°
Plus, Wall Street tech earnings are rolling in (SpaceX crushed it, Meta & Tesla up next), which could spark broader risk-on sentiment.
đ Snapshot:
âą $BTC : $83,150 (+1.90%)
âą BTC.D: 60.60%
âą Total Cap: $2.76T (+1.95%)
A solid daily close here opens the door to $85K.
Driving the rebound? Institutional demand. US spot Bitcoin ETFs just flipped from $228.6M in weekly outflows to a massive $526.7M net inflow on Mondayâproving institutions are buying the dip. đđ°
Plus, Wall Street tech earnings are rolling in (SpaceX crushed it, Meta & Tesla up next), which could spark broader risk-on sentiment.
đ Snapshot:
âą $BTC : $83,150 (+1.90%)
âą BTC.D: 60.60%
âą Total Cap: $2.76T (+1.95%)