đ„ Bitcoin at a Pivotal Crossroad: $60K or $66K Surge?
Bitcoin (BTC) finds itself at a crucial juncture, with analysts divided on its next move. The price recently surpassed $65K, sparking both excitement and caution in the market. Will BTC surge higher, or is a drop to $60K in the cards?
đ Daily Close Above $65K is Key!
According to analysts from Kraken, Bitcoinâs tight price action shows market indecision. A daily close above $65K is essential for bulls, potentially unlocking the path to even higher levels.
đ Open Interest & Market Watch
BTCâs Open Interest (OI) spiked by 3.5% since Sept. 20, signaling renewed optimism. However, if BTC canât decisively break $65K, analysts warn that a drop to $60K support may be on the horizon.
đ Bitcoin ETF Fever!
Bitcoin ETF inflows are booming, hitting $365.7M on Sept. 26, the highest since July. This shows a renewed institutional appetite for BTC as it edges closer to the next âParabolic Upside Phaseâ, according to trader Rekt Capital.
đ All Eyes on BTCâs Next Move!
As Bitcoin teeters on the edge of a breakout or retracement, traders are advised to closely monitor these key levels. The market could soon shift into a new bullish phase or dip to solid support levels around $60K.
đ Stay sharp and watch the charts!
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