Bitcoin demand is expected to remain strong next week, driven by several factors:
- *Institutional Demand*: US spot Bitcoin ETFs have recorded nearly $600 million in inflows over four weeks, indicating growing institutional interest.
- *Corporate Accumulation*: Companies like Metaplanet and DDC Enterprise Ltd are adding Bitcoin to their reserves, signaling corporate interest.
- *Trade Optimism*: Recent trade deals between the US and other countries, such as the UK and Saudi Arabia, have boosted risk-on sentiment.
However, potential bearish signs include ¹:
- *Profit Booking*: Some Bitcoin holders are booking profits, increasing selling pressure.
- *FTX Repayments*: The defunct exchange's upcoming creditor settlements may trigger volatility.
Key price levels to watch are $100,000 (support) and $105,000 (resistance).