Bitcoin upside could stop at $100K despite $3B in ETF inflows
Bitcoin's recent price recovery from lows of $74,400 is accompanied by increased interest in spot ETFs, sparking discussions about whether high inflows indicate an approaching local price top. Although history shows that significant inflows often coincide with price peaks, there are notable exceptions. For instance, while inflows hit $3.38 billion in November 2024 without signaling an immediate top, past patterns, like inflows preceding peaks in March and June 2024, suggest that bullish sentiment can also drive further price increases. Currently, Bitcoin is facing resistance at $95,000, but analysts predict a potential rise towards $100,000 before a significant pullback. Increased seller interest around the $97,000 to $100,000 range indicates that if Bitcoin pushes to $100,000, a pullback is likely afterwards. The overall outlook remains cautious, as some traders argue there is no immediate catalyst to sustain momentum above $100,000, emphasizing the need for prudent investment decisions amidst fluctuating market conditions.
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