BTC/USD: Bullish Flag Points to More Gains
From dailyforex.com
Bitcoin price held steady on Monday as most of the recent risks in the market faded. The BTC/USD pair rose to a high of 107,940, up nearly 10% from its current level. It has also jumped by over 45% from the lowest level in April this year. The BTC/USD pair has been in a strong bull run over the past few days, as demand continues to rise and investors adopt a risk-on sentiment. For example, the S&P 500 and Nasdaq 100 indices have surged to a record high, while the US Dollar Index (DXY) has plunged to the lowest point since 2021. Bitcoin price has also done well with the ongoing spot ETF inflows as US investors pile ...
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