Bitcoin prices delighted investors on Friday with a strong recovery following recent fluctuations. This recovery was supported by positive inflows, particularly into spot Bitcoin exchange-traded funds (ETFs). According to the latest data, $1.3 billion was invested in ETFs this month, more than offsetting the $344 million outflow in the previous month. This contributed to restoring confidence in the cryptocurrency market and creating a positive atmosphere among investors.
The prediction of the famous crypto analyst Captain Faibik also strengthened this optimistic atmosphere. Captain Faibik predicts that Bitcoin may make a 25% upward rally by June, but states that Bitcoin must overcome certain resistance levels for this to happen. This prediction aroused great interest in the market and caused investors to reconsider their strategies.
Analysis Details
Captain Faibik's latest assessment points out that Bitcoin's upward trend is strengthening. According to the analyst, the $68,000 resistance level must be overcome for Bitcoin bulls to take control in the market. Exceeding this level is of great importance in terms of confirming technical formations.
According to this analysis, a strong bullish rally may begin in Bitcoin with a break of the $68,000 resistance level. In this case, the analyst predicts that Bitcoin could experience a value increase of up to 25% in June. Captain Faibik's optimistic forecast is based on historical price patterns and uptrends that are usually seen after breaking key resistance levels. However, the cryptocurrency market is still a fairly young and developing field, and therefore it can always be difficult to accurately predict future price movements.
As of now, Bitcoin is trading at $66,825 and is up 1.31% in the last 24 hours.
Bitcoin ETF'ler
The positive momentum in the market is supported by consistent inflows into Bitcoin ETFs, reflecting the optimism of institutional investors towards the cryptocurrency. Spot Bitcoin exchange-traded funds (ETFs) attracted $1.3 billion in inflows in May, more than offsetting last month's $344 million outflow.
In April, spot Bitcoin ETFs experienced significant outflows, with approximately $51.5 million withdrawn on April 29 alone. Grayscale's converted fund GBTC contributed greatly to these outflows. However, there was a remarkable turnaround in May; US spot Bitcoin ETFs recorded net inflows of $116.8 million on May 13, ending four weeks of net outflows.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
