Bitcoin's market sentiment in spot trading continues to reflect bullish momentum. As of today, $BTC is trading at approximately $65,863, showing a steady climb over recent weeks. This represents a notable recovery from a 90-day low of around $53,508, with recent price action suggesting a continuation of upward movement. Market analysts have identified a rounding bottom pattern on Bitcoin's weekly chart, signaling a potential reversal from previous bearish trends, with targets approaching the $73,687 resistance levelâ.
The bullish sentiment is also fueled by strong institutional interest, particularly following significant Bitcoin ETF inflows totaling over $1.1 billion this week, led by ARK 21Shares and other major funds. This influx of capital has added confidence to the market, indicating continued investor interest in Bitcoin as a hedge against economic uncertaintyâ.
Overall, today's sentiment remains positive, with $BTC demonstrating a potential for further gains in the near term, supported by technical indicators and renewed institutional participation.
