Bitcoin ETF inflows may reshape its bear market correction: Analyst

BTC

BTC/USDT

$79,690.00

-0.48%

$79,690.00

-0.48%

(24s)

24h Volume

$7,378,901,677.27

24h H/L

$80,134.15 / $79,233.00

Change: $901.15 (1.14%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,734.62

▼ -0.12%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,779.60

Price$79,734.62

Support 1$79,635.96

Support 2$77,303.91

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.4

Cointelegraph Staff

(01:49 PM UTC)

1 min read

Reviewed byMichael Roberts

0 comments

Bitcoin (BTC) is currently down 36% from its all-time high at $126,000, but one analyst claims that BTC’s fourth bear market has “materially decoupled” from previous bearish cycles, due to exchange-traded fund (ETF) inflows and corporate BTC accumulation.