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BTC/USD: Flag, Cup-and-Handle Points to a Surge to ATH
Bitcoin price remained steady on Monday, with technicals pointing to an eventual reboun to a record high soon. The BTC/USD pair was trading at 109,000, a few points below all-time high of 111,900. It has jumped by over 11.25% from its lowest level in June. Fundamentals point to more Bitcoin gains in the coming weeks. For one, data shows that Bitcoin ETFs continued drawing investors as inflows continued rising this month. These ETFs had over $769 million in inflows last week, the fourth consecutive weeks of gains. They have added nearly $6 billion in assets in the past four weeks, a sign that American investors expect ... (full story)
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