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Bitcoin Has a Bullish Outlook as Ascending Triangle Forms

From dailyforex.com

Bitcoin price has remained in a narrow range this week despite the soaring exchange-traded funds (ETFs) inflows. The BTC/USD pair was trading at 75,300 on Wednesday, up by 26% from its lowest level this year. It has formed an ascending triangle pattern, pointing to more gains in the near term. Bitcoin Price Steady Amid ETF Inflows The BTC/USD pair has held steady in the past few days as investors continued buying spot Bitcoin ETFs. Data shows that these funds have added assets in the last six consecutive days, bringing the total inflows this month to nearly $2 billion, higher than last month’s $1.32 billion. These ... (full story)

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  • Category: Technical Analysis