Bitcoin’s 20% Rally Still in Play As Institutional Interests Surge—Long-Term Holders Are Boosting Price Momentum✨🚀

Bitcoin is showing signs of recovery after a sharp drop in early October, but a key resistance level must be flipped to support before a 20% rally can materialize. After bouncing back from recent lows, BTC needs to break $63,068 and turn $65,000 into solid support to ignite a sustained upward move.

Momentum is building as institutional investors return to Bitcoin. Spot Bitcoin ETFs saw inflows of $235 million on Monday, signaling renewed confidence. This shift in sentiment comes after days of outflows, with large investors once again betting on Bitcoin’s potential. When institutional players move in, it often signals strong confidence in future price growth.

Long-term holders are also fueling optimism, increasing their BTC positions since mid-August. This accumulation trend strengthens Bitcoin’s macro outlook, as reducing supply can pave the way for price appreciation.

Currently trading at $62,273, Bitcoin is battling to break past the critical $63,068 resistance. If successful, it could trigger the long-awaited 20% rally to $75,979, surpassing its previous all-time high. However, failure to break through could lead to a retracement to $59,666, threatening the bullish outlook.

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