Bitcoin (BTC) eases slightly on Monday, trading at around $68,400, after a 9.8% rally last week which was bolstered by a $2.13 billion inflow into the US spot Exchange Traded Funds (ETFs).
Bitcoin price today:$68,400 US Spot ETF s recorded an inflow of $2.13 billion last week, with BlackRock funds accounting for $1.14 billion. On-chain data suggests a bullish outlook for Bitcoin as open interest reaches a new all-time high and the number of whale wallets is also increasing. Reports indicate that the SEC approval of Bitcoin ETF options on the NYSE could enhance the ETF ’s liquidity and attract sustainable inflows.
Bitcoin Price Forecast: Will BTC reach its all-time high of $73,777? Bitcoin faces resistance around its July 29 high of $70,079 after breaking above the psychological level of $66,000 on October 15 and rising 2.7%. If BTC breaks and closes above $70,079, its next key barrier is already the all-time high of $73,777 seen in mid-March.
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