#ETFApproval Bullish Factors:
Price Recovery: Bitcoin is trading in the $84,000 - $85,500 range, showing continued positive movement after the dip earlier in the month. This recovery is encouraging for bullish sentiment.
Whale Accumulation: Reports of Bitcoin whales continuing to accumulate are seen as a strong positive signal, indicating long-term confidence.
Technical Breakout Potential: Some analysts note that Bitcoin is approaching key resistance around $85,000. A successful break above this level could signal further bullish momentum towards $90,000 or higher.
ETF Flows: While recent data showed mixed ETF flows, the market is generally optimistic that continued inflows will provide sustained buying pressure.