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Bitcoin Price Prediction: $110K Support In Sight As Institutional Accumulation Grows

From investingcube.com

Bitcoin price retested the $109k mark for the third session in a row on Tuesday, signaling an impending breakout. The crypto market bellwether has struggled to find traction above the psychological $110 barrier since late May and was recently rejected at that mark. Therefore, a break above that level could potentially usher a strong sentiment that could validate a move towards all-time highs of $112k. The coin’s upside potential has strong support from institutional demand, underpinned by ETF resilience and rising BTC accumulation. US-traded Bitcoin spot ETFs resumed trading with a massive $216 millions worth of net ... (full story)

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  • Category: Technical Analysis