$BTC
đ Technical Overview
Bullish Patterns:
Moving Averages:
Resistance and Support Levels: Immediate resistance is near $96,000, with a significant psychological barrier at $100,000. Support is observed around $85,000, aligning with recent breakout levels.
đ Market Drivers
Institutional Inflows: Significant investments from institutions like BlackRock and Strategy have bolstered BTC's price. Notably, BlackRock's IBIT ETF saw a $970 million inflow, contributing to BTC surpassing $95,500.
Active Addresses: The number of active Bitcoin addresses has surged past 800,000, indicating increased network activity and demand.
ETF Momentum: Parabolic growth in Bitcoin spot ETF
