#BTCvsMarkets

Bitcoin (BTC) is facing a slight correction, trading around $92,000 at the time of writing on Thursday, after rallying 8.55% so far this week. Despite the mild correction, institutional demand remained strong, as US spot Exchange Traded Funds (ETFs) recorded an inflow of $916.91 million on Wednesday, marking three consecutive days of gains. Moreover, the risk-on sentiment prevails as US President Donald Trump’s administration appears to be softening its tone on the US Federal Reserve (Fed) and trade tensions with China.

The technical outlook suggests that the pullback could be mild as holders realize profits, and that a rally toward $97,000 is still on the cards.