Bitcoin (BTC) rallied nearly 8% so far this week until Friday after breaking its resistance barrier, aiming for a fresh all-time high (ATH).
Bitcoin continues to climb this week after breaking its resistance barrier, aiming for a new all-time high. US spot Bitcoin ETF s posted $1.86 billion in inflows until Thursday, the largest streak of inflows since mid-July. BTC’s performance since the fourth halving closely resembles that of the third halving, when prices increased sharply. Bitcoin rallied nearly 8% so far this week until Friday after breaking its resistance barrier, aiming for a fresh all-time high .
pic.twitter.com/ukAcHW1EZC — Arkham October 15, 2024 “Even if they sold, the impact would be slightly more than half of the German government’s. Their realized profit was $816 million, while Tesla’s is $515 million as of today,” said Ki Young Ju, founder and CEO of CryptoQuant, in a Twitter post. Bitcoin technical outlook: Targets ATH of $73,777 Bitcoin’s weekly chart shows that the biggest crypto asset by market capitalization is breaking above the downward-slopping parallel channel pattern.
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