BTC has yet to surpass $66,000 since July 31 despite a 5.2% gain from October 3 to October 7. 📈
- Some analysts believe that BTC benefits from rising US federal debt, but the short-term impact is unclear.
- Socio-political events seem to be the main factor limiting BTC's upside.
- Recent US economic data has not been favorable for BTC prices.
Despite rising global stock markets, BTC has failed to sustain above $66,000. BTC futures show neutral sentiment between bulls and bears.
- Since October 1, BTC ETFs have seen a net outflow of $335 million.
- The current macroeconomic environment favors stocks and cash over BTC.
What do you think about the future of BTC? Share your thoughts! 💬#Bitcoin#Crypto #Finance