#BTC $BTC #BTCETFS #WeeklyReview

Hey guys,

I hope you are well. This is the weekly update for bitcoin.

In the last bitcoin review, we talked about buying in the 57-48k range looks attractive from an investment point of view, and today this approach is paying off, the price has bounced 20% from the local low.

Last week institutional players increased their position in spot bitcoin ETFs by 812 million.

Last week also saw large outflows from centralized exchanges totaling 52K bitcoins.

In general, everything looks good for bitcoin to continue its growth and return to the 70-74K zone.

Also this week ETFs on ethereum are expected to be launched, which will add to the inflow of funds into crypto instruments.

I expect that the growth will continue, but for some time the price may be in the range of 67-64k, the key support that should not break down for continued growth is at 62K.

Zones on the chart that are most saturated with liquidations and can be tested are at 65 and 69K.

There is a lot of macro data coming out this week on the US economy that will have an impact on market volatility.

Wednesday July 24 - PMI

Thursday July 25 - Q2 GDP

Friday July 26 - Core PCE.

Stay tuned.