Crypto Daily – On Sunday reached over $68,000 in price, and tagged the top of its long-time bull flag. Is $BTC preparing for an upward price explosion? When will the king of the cryptocurrencies make its move?
Bitcoin price preparing for big upside move
What a difference three weeks makes. When Bitcoin was teetering on the edge of oblivion at $53,500 in early July, many investors were perhaps looking to sell, and probably many of them did. However, here we are back at the top of the Bitcoin bull flag, and it’s maybe just a matter of time before the $BTC price explodes upwards.
Sentiment for Bitcoin has improved dramatically, with the Fear and Greed Index at a score of 70 – firmly in Greed territory. Elon Musk has just changed his profile picture on X to one with laser eyes; perhaps in acknowledgement of this huge sentiment change for $BTC.
The Spot Bitcoin ETFs are continuing to have their impact on price, as Friday saw another bumper day for net inflows…
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