Bitcoin's value soared to $73,000 ๐ธ
Fueled by eager buyers ๐ซ
Could surge to $80,000 ๐
Halving approaching โณ
Bitcoin ETF assets climb ๐
$58.7 billion total ๐
Still shy of Gold ETFs' ๐ฐ
$98 billion stash ๐ผ
BTC inching closer to $80,000 ๐ฏ
Thanks to ETF inflow ๐
But where will it peak? ๐ค
Bull market frenzy awaits! ๐
Wondering about pullback? ๐
Amid profit-taking and leverage 
What is Bitcoin?
Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Bitcoin ETFs now manage more than half as much as Gold ETF assets
While Bitcoin price is fluctuating up and down, it continues to maintain a northbound directional bias. It comes as the Cryptocurrency Fear and Greed Index remains at 81, signifying extreme greed, likely because traders do not want to miss out on the action.
Two themes continue to drive the market. First, anticipation for the BTC halving, around 39 days away, is expected to kick off the next bull cycle. Second, the ongoing ETF narrative has not let up. The latest investment product is lauded for bringing BTC to Wall Street and driving a wave of institutional interest into the market.
Data according to Kaiko Research shows that the depth of liquidity in the BTC market, as measured by the value of exposure in order books within 2%, reached a record $600 million, with the number of bids significantly exceeding the number of asks.
This points to profit-taking among traders as Bitcoin price continues to record higher highs. Nevertheless, the data also pointed to persistent refinancing rates, showing that the demand for BTC remains high.
On the other hand, if traders begin to cash in on the gains made so far, Bitcoin price could retract. Investors looking to short BTC should wait for a break and close below the $64,044 mean threshold, the midline of the supply zone extending from $62,278 to $65,618.
Bearish market occur
A flip of the bullish breaker (formerly supply zone) from support to resistance could see BTC provide another buying opportunity around the $60,000 psychological level. 
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