Where is Bitcoin going? So far, bitcoin:native has flipped the true AVWAP from resistance into support, and more buyers are lining the order books above $80k, a positive sign for the bulls. All of this has happened while Bitcoin spot ETF flows remained somewhat negative on a net basis. This changed yesterday as the ETFs pulled in over $500m net. If this is a turning point in flows for the ETF products, then "Uptober" could be back on the table. Either way, market participants are flashing buy signals above $80k; below that, it looks as if Bitcoin will be back in the $75k–$80k range.
CamShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.