Bitcoin Key Indicator Turns Bullish As Spot ETFs Record $2.1 Billion Weekly Inflow: New ATH Imminent?

Quick Summary:

A crucial momentum indicator for Bitcoin (BTC) has turned positive, as the premier cryptocurrency attracted more than $2.1 billion in spot exchange-traded fund (ETF) weekly net inflows.

New Bitcoin All-Time-High In Sight?

It suggests that Bitcoin’s short-term price trend is gaining strength relative to its longer-term trend, signaling potential upward movement beyond its ATH value of $73,737 in March 2024.

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Article Details

Author / Journalist: Ash Tiwari

Category: Crypto

Markets: Hungary

Topics: Crypto Bitcoin ETF Fed Technical Analysis BTCUSDT Bullish indicator Bitcoin News Btc MACD Bitcoin Spot ETF Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 11:00:26 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 52 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23199639

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 9 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 11 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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