Good Morningggggg guys 💐
There Real Strength Behind This Rally?
After the trend breakout, #Bitcoin continues its rally with no signs of slowing down. But the big question is whether this move is real or just another fakeout
Looking at the data it seems pretty clear
Spot CVD is strong and #ETF inflows are flowing in at full speed. Coinbase buying activity is also quite solid which confirms that the rally is being driven by spot demand.
On top of that ETF inflows started exactly at the same time as the breakout. We haven’t seen this level of institutional interest during the entire downtrend of the last three months. $BTC
This shows that the breakout is not just a technical move but also backed by real capital
The next critical resistance is in the 95 to 96K range
If anything changes in the data I’ll make sure to update you instantly. Wishing everyone a strong day and lots of profits 💐