Bitcoin's $85,000 sell wall just cleared. Traders are now eyeing $100K. 🎯
$BTC is nearing its highest level since January, and the resistance that capped it for days is gone.
Here's the full picture:
📈 Citi set a $113K price target this week, expecting $5 billion more in ETF inflows
💰 Spot Bitcoin ETFs logged $2.7 BILLION in September inflows, institutional demand holding strong
⚠️ It wasn't a straight line though, weak US jobs data triggered $9.72M in long liquidations, and $BTC briefly swung from $87,200 to below $82,000
🏛️ The SEC proposed letting investment advisers and funds self-custody crypto directly
Clearing a key resistance level while ETF demand keeps climbing is exactly the setup bulls want heading into "Uptober."
Does $100K come next, or does the jobs-data volatility slow things down first? 👇
#Bitcoin #BTC #CryptoNews #BinanceSquare
$BTC is nearing its highest level since January, and the resistance that capped it for days is gone.
Here's the full picture:
📈 Citi set a $113K price target this week, expecting $5 billion more in ETF inflows
💰 Spot Bitcoin ETFs logged $2.7 BILLION in September inflows, institutional demand holding strong
⚠️ It wasn't a straight line though, weak US jobs data triggered $9.72M in long liquidations, and $BTC briefly swung from $87,200 to below $82,000
🏛️ The SEC proposed letting investment advisers and funds self-custody crypto directly
Clearing a key resistance level while ETF demand keeps climbing is exactly the setup bulls want heading into "Uptober."
Does $100K come next, or does the jobs-data volatility slow things down first? 👇
#Bitcoin #BTC #CryptoNews #BinanceSquare