BTC UPDATE

BTC is trading at $61,500, nearing a critical support level at $60,000. We have a rising trendline, the 200 EMA, and the lower trendline of this expanding triangle also acting as support.

After 7 consecutive days of outflows in Bitcoin ETFs, yesterday saw $31 million in inflows, which is positive for bulls.

In the long term, I am bullish on BTC. We may see some short-term corrections in price, potentially down to $54,000 in the worst case, but that will be the best time to buy BTC.

The funding rate is negative at -0.11%, which is a positive sign for bulls.

Stay tuned for more updates.

#BTC☀ #Bitcoin❗ #crypto $BTC