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Bitcoin Price Forecast: Can Bulls Break Above $64,500 as Institutional Demand Strengthens?
As institutional flows keep outperforming the drag on Bitcoin prices created by tighter monetary policy, BTC continues to trade in a technically bullish manner. At the time of writing (July 9), Bitcoin’s price stood at $62,673, holding firm over the support level in the midst of some degree of ambiguity regarding interest rate direction from the Federal Reserve. Despite higher rates, which have served to dampen demand for riskier assets, continued inflows into spot Bitcoin ETFs, growing corporate uptake, and consistent network activity are bolstering the long-term investment thesis for Bitcoin. In an ascending ... (full story)
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