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via Cointelegraph · By Cointelegraph Staff

Bitcoin ETF inflows may reshape its bear market correction: Analyst

BTC

BTC/USDT

$64,761.99

+0.77%

$64,761.99

+0.77%

(24s)

24h Volume

$4,909,497,566.87

24h H/L

$64,940.51 / $64,266.00

Change: $674.51 (1.05%)

Long/Short

63.9%

Long: 63.9%Short: 36.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,683.01

▲ 0.48%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$65,295.47

Price$64,683.01

Support 1$64,050.00

Support 2$62,975.21

Support 3$61,544.56

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):52.1

Cointelegraph Staff

(01:49 PM UTC)

1 min read

Reviewed byMichael Roberts

1260 views

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.

Bitcoin ETF flows and treasury buys may limit further downside

Bitcoin Bond Company CEO Pierre Rochard compared Bitcoin’s drawdowns across…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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