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Bitcoin price coils near $64k, analyst predicts cycle top at $300k

From kitco.com

Bitcoin’s (BTC) price continues to coil in post-halving trading as the past 24 hours have seen the top crypto trade in a narrowing range between $63,520 and $65,285 while traders await the next market-moving catalyst. The sideways price action comes as the U.S.-listed spot Bitcoin ETFs continue to record outflows. Fidelity’s FBTC saw its first day of outflows on Thursday as $22.6 million was pulled from the fund, while BlackRock’s IBIT recorded its second consecutive day of net neutral flows, according to data provided by Farside. The declining demand from ETFs means the positive pressure on Bitcoin’s price has ... (full story)

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  • Category: Fundamental Analysis