According to Cointelegraph: Bitcoin (BTC) closed above $69,000 on March 25, marking its highest daily close in 10 days as bullish sentiment reasserted a key resistance zone. BTC experienced an uptick during the first trading session on Wall Street this week with gains of up to $4,600 in a single day. At the time of writing, BTC had surpassed the $71,000 mark.
Financial commentator Tedtalksmacro noted improvements in the U.S. spot Bitcoin exchange-traded funds (ETFs), which have returned to net inflows after experiencing five consecutive outflow days. Bitcoin spot ETFs saw a net inflow of $15.4 million on Monday, with a significant $262 million coming from Fidelity. As a result, analysts and market watchers have speculated about the reopening of the path toward a six-figure BTC price.
Concerning the futures market, gaps in CME Group's Bitcoin futures have been recognized, with an unfilled one below $64,000 still present. However, analysts suggest there's little cause for worry over a potential fresh BTC price dip if the robust trend persists. The latest market activities could be signaling a bullish momentum shift for Bitcoin.
