Bitcoin trades below $90K in the early Asian session on Friday as investors realized nearly $8 billion in profits in the past two days.
Bitcoin price today: $88,000 Bitcoin dips below $90K as investors bagged nearly $8 billion in profits in the past 48 hours. Bitwise's Matt Hougan noted that increased demand for Bitcoin among investors and central banks is needed to claim the $100K level. The increase in stablecoin supply shows that new money is fueling BTC's rise. Bitcoin could rally above $130,000 after completing an inverted head and shoulders move.
Exchange Reserve | CryptoQuant Meanwhile, Bitcoin ETFs recorded net inflows of $509.4 million on Wednesday, per Coinglass data. Bitcoin Price Forecast: BTC could rally to $130,000 by completing key pattern Bitcoin trades near $88,000 after sustaining $100.86 million in liquidations within the past 24 hours. Liquidated long and short positions accounted for $66.38 million and $34.47 million, respectively.
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