Bitcoin price continues to trend above 20-day short-term support as bulls target $70,000.
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$BTC #ETF âs are experiencing a weekly inflow of $506 million, indicating rising sentiment and investor confidence.
#btc price is trading at $63,722, below the 20-day Exponential Moving Average (EMA) at $63,386 and the previous dayâs open of $64,225. This key support is critical for the uptrend to continue, otherwise BTC could start paring its accumulated gains from the past week.
Investors will look for a recovery above $64,000 to increase exposure to long positions and expect BTC to rally to $70,000 this week. The rise in digital investment products mentioned above could accelerate the rally as confidence grows.
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