BTC Stopped at $69K
Bitcoin’s price actions this week have been quite unfavorable for the asset. It all started on Monday with a price slump that drove the cryptocurrency from over $70,000 to under $66,000.
That was just the beginning, as the bears initiated another leg down on Tuesday and Wednesday. This time, the largest digital asset fell to a 10-day low of around $64,500. The bulls finally intercepted the moves at this point and began a slow recovery that saw Bitcoin reclaim some ground on Thursday morning.
Hours later, the cryptocurrency went on the offensive once again and soared by several grand. As a result, it jumped above $69,000 amid the growing ETF inflows, but that turned out to be a false breakout.
