Exchange-traded funds have taken particular interest in $BTC this week, pouring over $2B into the digital asset.
However, on Friday the market faced a wave of offers, which caused a temporary drop in price and the appearance of a gap. Despite this, active buyers on Wall Street quickly seized the opportunity and snapped up most of the supply, indicating their confidence in BTC's long-term prospects.
This interest from whales and exchange-traded funds to $BTC at the $70 thousand level suggests that, despite the desire of some to take profits, the overall mood in the market remains positive. Exchange-traded funds see $BTC not only as an opportunity for short-term speculation, but also as a promising long-term instrument. They are willing to support market supply, which could further strengthen Bitcoin's position as a reliable asset for investors.
Next week forecast: BTC price is likely to fluctuate within a consolidation zone between $66,000 and $73,000. If the volume of supply on the market decreases, there is potential for further price increases.