Hello everyone ✋🏻
#Bitcoin breakthrough of the $67,000 resistance is a positive development. However, for this level to be permanently breached, volumes need to increase and the price must remain above $67,000. Last week saw a net inflow of 19,000 $BTC (equivalent to $1.3 billion) into ETFs, indicating that the uptrend may continue.
The Bitcoin conference will start on Thursday and will continue with Donald Trump's speech on Saturday. The possibility of Trump becoming a pro-crypto U.S. president could be a positive development for the sector's future. As we have just come out of the weekend, the spot CVD is flat, but the overall outlook is positive. There are no significant moves on the Coinbase and #Binance sides for now. The key is for the price to stay above $67,000 until the market gains good volume.
Wishing everyone profitable trades 🌸
