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🪙 $BTC 1D (https://www.tradingview.com/x/L8vdsANr/)
Right now, there’s a lot of buzz about a chart showing Bitcoin breaking through the upper level of its channel, with hints of a possible breakout to $80k and beyond.
From my perspective, this scenario is quite possible due to the massive inflows into BlackRock ETFs. Essentially, any inflow is fuel for growth when it comes to Bitcoin.
Previously, we saw Grayscale selling and BlackRock buying, but now Grayscale is no longer selling, and BlackRock continues to buy.
Most likely, in the future, we will see Bitcoin’s volatility align more closely with the S&P 500 index, while altcoins will have a life of their own and will regularly face pressure from the SEC. 0 reply
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