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Bitcoin builds pressure with bullish patterns as ETFs fuel breakout hopes 💧


BlackRock’s IBIT leads the charge. The ETF added over $52 billion in assets. It now holds $74.5 billion, making it one of the biggest ETFs in the U.S. Fidelity’s FBTC has $12 billion in inflows and now has $21.5 billion in assets.
The soaring Bitcoin demand is happening at a time when the supply on exchanges has continued falling. Santiment data shows that there are 1.21 million coins on exchanges, its lowest level since December 2017.
Bitcoin chart analysis 📈
The daily chart indicates that Bitcoin has rebounded over the past few days, rising from a low of $98,253 to $107,400. It remains above the 50-day and 100-day Exponential Moving Averages, a sign that bulls are in control.
Bitcoin has formed a bullish flag pattern, one of the most positive signs in technical analysis. This pattern comprises a vertical line and a descending channel, which is part of the flag.
It has also formed a cup-and-handle pattern, consisting of a rounded bottom and a descending channel. This channel is part of the bullish flag.
Therefore, the most likely scenario is that it rebounds and possibly reaches its all-time high of $111,900. A move above that level will indicate further upside, potentially reaching the psychological point at $115,000.
#btc# #sol# #eth# #trx#
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JOHAR09vip
· 06-30 21:20
thank you 🍀
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TheAboveOnevip
· 06-29 12:15
its going to be massive
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SunshineNvip
· 06-29 12:06
Good Evening 🥰
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KatyPatyvip
· 06-29 06:52
HODL Tight 💪
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Sakura_3434vip
· 06-29 05:40
Steadfast HODL💎
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NewNamevip
· 06-29 05:13
Thank you for information!
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Ryakpandavip
· 06-29 00:32
Steadfast HODL💎
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Ybaservip
· 06-28 20:58
Thank you for the information
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Szerovip
· 06-28 18:56
thank you so much for the information
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