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Bitcoin Price Forecast: BTC steadies as traders eye US–Iran talks

From fxstreet.com

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Thursday after a 6.2% relief rally the previous day amid a broader downward trend. Institutional demand supported the Crypto King’s recovery, as spot Exchange Traded Funds (ETFs) recorded their second consecutive day of inflows so far this week. Traders await the US-Iran third round of nuclear talks on Thursday, which could trigger volatility in the largest cryptocurrency by market capitalization. Institutional demand supported Bitcoin’s price action so far this week. SoSoValue data show that spot Bitcoin ETFs recorded an inflow of $506.51 ... (full story)

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  • Category: Technical Analysis