📢Bitcoin price hits $70K as spot and BTC ETF buying surges:
🔥Analysts believe Bitcoin price is en route to new highs now that the recent consolidation phase has come to an end.
Bitcoin
$71,134
🔥price rallied to the coveted $70,000 mark amid a noticeable surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing, with the cryptocurrency community pondering whether the bull market is just beginning or nearing its peak.
Bitcoin charts and spot ETF activity highlight the trend reversal
🔥Analyst “ELI5 of TLDR” suggested that the majority of on-chain indicators point to a nascent bull market, despite some showing topping patterns. The recent support bounce near $60,000 has sparked increased interest, with Farside Investors reporting approximately $950 million in inflows last week, a figure not seen since March.
