$SUI $ENA $ICP
👀Bitcoin price above $100K could push SOL, SUI, ICP, ENA higher🔥🔜
📌Bitcoin bulls continue to push towards $100K, and if they can achieve that, SUI, ENA, SOL, and ICP could also break through.📊
Bitcoin is up about 4% this week, indicating strong demand at lower levels. U.S.-based bitcoin exchange-traded funds (ETFs) saw outflows of $242.3 million on Jan. 2, but rebounded strongly on Jan. 3 with inflows of $908.1 million, according to data from Farside Investors. This suggests that investors expect Bitcoin to resume its bullish trend.
Another positive for Bitcoin is that selling pressure may be waning. According to CryptoQuant data, Bitcoin trading flow — the total amount of Bitcoin transferred to exchanges — declined in December from a peak of 98,748 BTC on November 25. Similarly, external mining flows have declined.
However, in the near term, Bitfinex analysts told Cointelegraph that Bitcoin could consolidate between $95,000 and $110,000 through the end of January. The analysts do not expect the inauguration of US President-elect Donald Trump on January 20 to be a “major price-buying event.”