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Bitcoin (BTC) Price Forecast: Breakout above $60k in the Week Ahead?
Bitcoin (BTC) topped out at $52,858 for the just concluded trading week, however, derivatives market trends suggest traders are holding out for more bullish action. With Bitcoin open interest currently trending at historic peaks, can the bulls capitalize on the positive momentum to extend the rally to the $60,000 territory? Bitcoin Open Interest Has Trended above $22 billion for 3 Consecutive Days Bitcoin ETF firms have been at forefront of the crypto market rally in recent weeks. Blockchain analytics platform Cryptoquant recently stated that at least 75% of Bitcoin inflows came from the 10 newly-launched ETFs. This ... (full story)