Crypto Daily – After a historic rally out of the Trump election win, the Bitcoin price is currently coiling up underneath the $90,000 resistance level. A bull flag is forming in the short-term time frame. If the flag pattern is successful, with Bitcoin breaking to the upside, a measured move could take the $BTC price to $100,000.
Institutions are driving this bull market
Optimism for this Bitcoin bull market is really starting to permeate across media channels. That said, this time it does not appear to be retail that is driving the market. Institutions are waking up, and all it might take is for the $BTC price to hit the magical price level of $100,000 for a tidal wave of institutional buying to potentially take place.
It could be said that huge buying is already either happening, or is set to evolve, as certain institutions and sovereign countries plan out their future Bitcoin purchasing strategies.
For example, heavy buying from the U.S. Spot Bitcoin ETFs…
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