Bitcoin 
$116,044.09The price of corporate investments increases in the upward direction. In the United States, Spot Bitcoin ETFs have an entry of $ 642 million in a single day, while the weekly entry amount exceeded $ 2.3 billion. This development highlighted the rise scenario for Bitcoin with both technical indicators and macroeconomic expectations.
What does the technical look say in Bitcoin?
The general assessment of analysts is that Bitcoin moves in a similar structure in the last quarter price movement as in the past years. In the last quarter of 2024, the fracture of the winking formation was triggered by a harsh rise. For this year expanding triangle formationIt is expected to have a similar effect in the same direction. Bitcoin, while the news is prepared around 115,800 dollars, while over 120,000 dollars of breakage can create a new rise acceleration.
The price target stands out for $ 150,000. In addition to technical formations, this target is associated with the last quarter rally in market history. Fibonacci extension lines and symmetrical triangular formation highlight the same target for the time being. In other words, different technical indicators are combined at the same price level.
Spot Bitcoin ETF entrances
ETF data reveals the strong interest of corporate investors. Sosovalue According to data, Fidelity and Blackrock led Bitcoin ETF There was one hundreds of millions of dollars in the market in one day. Thus, the demand for Bitcoin ETFs exceeded $ 2.3 billion on a weekly basis and reached a remarkable level.
On the other hand Reuters105 of the 107 economists who participated in the survey during the week pointed out that the US Federal Reserve (FED) would make three interest rate cuts before the end of the year. Relaxation in liquidity conditions Spot Bitcoin ETF‘s will increase the interest further. Although gold ETFs still have higher entries, Bitcoin ETFs quickly close the break.
Corporate ETFThe increase in demand for s strengthens the upward long -term price expectations for Bitcoin when evaluated with technical data. Entrance to ETFs stands out among the most important elements of the rise scenario in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
