Bitcoin (BTC) Outlook: Bullish Streak Towards $70ok Fueled by US Politics and ETF Inflows…

Nevertheless, current US BTC-spot ETF market move developments and sentiment towards the Fed fee path may mitigate oversupply dangers. Keep up to date with our real-time BTC evaluation for additional insights on managing potential dangers.

Technical Evaluation

Bitcoin Evaluation

BTC stays comfortably above the 50-day and 200-day EMAs, confirming bullish value developments.

A breakout from Wednesday’s excessive of $68,387 would carry the $69,000 resistance degree into play. Moreover, a break above the $69,000 resistance degree might give the bulls a run on the $70,000 degree.

Buyers ought to contemplate sentiment towards the Fed fee path, the US Presidential Election, and US BTC-spot ETF market move developments.

Conversely, a drop under the $65,000 and the $64,000 help degree might sign a fall towards the 50-day EMA.

With a 67.01 14-day RSI studying, BTC might climb to the $69,000 resistance degree earlier than coming into overbought territory.