$BTC just woke up after a long nap ๐ด
Guys, Bitcoin has put on quite a show over the past few days.
It ripped from the $76kโ$80k zone straight up to $87k and is now hovering around $86k. This is the highest level weโve seen since January. A lot of people were still calling the market dead, but this move is starting to change that narrative.
Whatโs driving it?
Strong inflows into spot Bitcoin ETFs
Heavy short liquidations creating forced buying
Institutional money flowing back in
Price has also reclaimed the 365-day moving average โ a historically important bullish signal
Guys, Bitcoin has put on quite a show over the past few days.
It ripped from the $76kโ$80k zone straight up to $87k and is now hovering around $86k. This is the highest level weโve seen since January. A lot of people were still calling the market dead, but this move is starting to change that narrative.
Whatโs driving it?
Strong inflows into spot Bitcoin ETFs
Heavy short liquidations creating forced buying
Institutional money flowing back in
Price has also reclaimed the 365-day moving average โ a historically important bullish signal