🔹Bitcoin is trying to break its major resistance area of $72,000 to $73,000.
🔹It has been rejected multiple times from this area, and if it happens again, we could see the price drop back to its important support level of $68,000.
🔹However, ETF volume is increasing, which might help Bitcoin break through this resistance.
𝐖𝐡𝐚𝐭’𝐬 𝐇𝐨𝐭 𝐢𝐧 𝐂𝐫𝐲𝐩𝐭𝐨 𝐓𝐨𝐝𝐚𝐲!! European Central Bank cuts interest rate by 0.25% to 3.75% despite inflation rising last month. Canada to cut rates by 0.25% yesterday. ROBINHOOD BUYS #BITCOIN AND CRYPTO EXCHANGE BITSTAMP FOR $200 MILLION.
#Bitcoin ETFs saw $488 million in inflows yesterday, $1.4B in the last two days.
🟠 ETFs now hold over $60 billion in BTC 🤯
Thailand and Australia #BTC spot ETFs finally trading
🟠 Trump optimism on Crypto assets will invite new investors in Crypto
🟠 1.5 TRILLION FRANKLIN TEMPLETON IS REPORTEDLY EXPLORING A NEW FUND TO INVEST IN ALTCOINS
Standard Chartered Bank says #Bitcoin will reach $150,000 if Donald Trump wins the presidential election.
Weak Dollar = Strong Risk asset like Crypto & Stocks
Canada already cuts it's first interest rate after 4yrs, European Central Banks also wants to cut the rate. US will follow soon before lection November.
Interest cut = Weak Dollar Liquidity rises in markets, bullish for risk assets like stock, Crypto and Golds.
Below is a co-relation between previous bullruns and fall of dollar index each cycle post-halving 👇
Is BTC going to hit $200k in 2025? → In 2013-2017, #Bitcoin saw a 396 days of downtrend and 1065 days of uptrend → In 2017-2021, Bitcoin saw 365 days of downtrend and 1066 days of uptrend. → In 2021 to now, Bitcoin saw 395 days of downtrend If BTC follows the previous cycles, the top will be in November 2025, with #BTC reaching $230,000+
Bitcoin Halving done Bitcoin ETFs done Ethereum ETFs done $ETH & $BTC ATH Solana Memecoin rally First #Bitcoin Election Retail bullish on crypto US Pension funds embracing $BTC Mass Crypto Adoption is here Grab this opportunity