cryptocurrencies It is having one of the best weekends in recent times and altcoins are at significant levels. While the revived demand in the ETF channel increases investor appetite, Bitcoin (BTC) 
$68,412 It rose to the $68,700 mark. So what’s going on? Latest evaluations of cryptocurrency experts
Bitcoin ETF Data
In today’s analysis, Daan Crypto Trades increased ETF drew attention to his request. We have seen great inflows in the last week and we haven’t had such consistent cash inflows in a long time. More than half a billion dollars on Monday BTC ETF There was a clear entry. Although the following days did not exceed this record, it did not fall far below it.
- Monday +$555.9M
- Tuesday +$371M
- Wednesday: +$458.5M
- Thursday +$470.5M
- Friday +$273.7M
Total inflow in just 5 days is 2.129 billion dollars. This figure corresponds to 10% of the total ETF inflow to date. The increased risk appetite among institutional investors is likely fueled by the strong last quarter performance.
Historical data and the global economic outlook point to further rises for risk markets, including cryptocurrencies, in the next 6 months. If history were to repeat itself, in a few weeks’ time BTC We should see the price race to new highs, keeping $70,000 as a base.
Bitcoin Predictions
In his latest market analysis, Crypto Faibik wrote that the journey to 88 thousand dollars has now begun for BTC. With the bull flag breaking on the 3-day chart, we should see more closes above the key zone. Thus BTC price on this at the time of writing.
We see that the boring up-and-down movement that has been going on for months has now tested the ceiling for the 6th time. The more intensely the resistance is tested, the more likely it is to break. Marco Johanning shared the current chart below and mentioned that November could be a stronger rising period.
“Next week will be quiet in terms of economic news, with the US elections in early November increasingly coming into focus. “I’m going up in November.”
By the end of the article, BTC had reached up to $68,765. We may see a quick attempt at $70,000 at the time the article is published or in the following weeks, as the macroeconomic situation will be calm next week. However, weak volume puts this possibility in doubt.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
