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BTC/USD: Bullish Patterns Point to Jump to All-Time High

From dailyforex.com

Bitcoin price remained in a tight range on Wednesday after the US passed Donald Trump’s spending bill. The BTC/USD pair was trading at 105,550, lower than this week’s high of 108,495. Bitcoin is reacting to the ongoing demand from the United States. Data shows that spot Bitcoin ETFs have added over $200 million in assets this week, a trend that may continue this week. The cumulative net inflow exceeded $48.97 billion, and is nearing the psychological point at $50 billion. The same is happening in the Ethereum market, where the spot ETFs have added over $4.2 billion in assets since September last year. The Bitcoin ... (full story)

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  • Category: Technical Analysis