Several indicators point to the rise of bitcoin, discover them in the news summary

Data from exchanges and analysis from various specialists give indications that the fall of BTC could be over.

Bitcoin is going to $180,000, it is inevitable says David Battaglia.

Bitcoin ETFs are driving the price towards $60,000

This week the price of bitcoin (BTC) has slowly recovered, after touching $52,000 last week. So far, most scenarios point to the value of the digital currency again exceeding the $60,000 threshold, although there are some considerations to take into account.

The market capitalization of stablecoins and the growth in stablecoin deposits on exchanges could positively impact the price of bitcoin. This, combined with the fact that the digital currency reserves in exchanges are at an all-time low, looks like a favorable element

The fact that inflation in the United States has been lower than expected is another point in favor, especially if a drop in interest rates is finally applied next week. ETFs have also had an influence on the price, breaking the longest streak of capital outflows so far. However, there is a lot of fear in the market, which can induce volatility, while fears are also growing about the tendency for September to repeat as a negative month.

In regional matters, news related to robberies and seizures of miners in Paraguay continues, while El Salvador celebrated three years since the enactment of the Bitcoin Law. If you missed some of the most relevant news of the week, don't worry, here we compiled them for you with our multimedia information menu.