#Bitcoin has traded sideways around $100,000 over the past week. Despite this consolidation, ETF buying has surged significantly, with net inflows of about $2.5 billion just last week. This indicates that institutional interest remains strong, even as Bitcoin trades at all-time highs (ATH).

The continued strong ETF buying is a strong indicator of market confidence. Adding to this optimism, the Microsoft board is expected to vote tomorrow on a proposal to invest in Bitcoin. If a reputable company like Microsoft decides to allocate funds to Bitcoin, it could have a profoundly positive impact on the market and further boost acceptance in the corporate world. #BinanceHODLerMOVE


Weekly Schedule: Inflation Data and Forecast

The most important event this week will be the release of inflation data on Wednesday. This data is expected to bring significant volatility to the market, making it a key point of interest for investors. Aside from the inflation report, there are no other major macro announcements planned for the rest of the week. #AmazonBitcoinMove


Technical Overview and Forecast


When Bitcoin traded near $60,000, I emphasized that the initial target range was between $95,000 and $105,000. Currently, Bitcoin has successfully reached the upper end of this range, hitting $105,000 before experiencing a correction of about 13%. Such corrections are natural after reaching significant resistance levels and are often driven by profit-taking.


The current technical outlook remains positive, suggesting that upward momentum is likely to continue. However, investors should be cautious of short-term corrections and increased volatility in the coming days.


Conclusions and Recommendations

Recent developments in the Bitcoin market highlight the increasing acceptance and confidence of institutions in cryptocurrency. As the market prepares for heightened volatility with upcoming inflation data, it is essential for investors to manage their risks and adjust their strategies accordingly.

Stay tuned for updates and data throughout the day. Wishing everyone an effective and successful trading week!