#BTCvsMarkets

Bitcoin Price Retests $94,000! BTC To Hit $100k This Week?

Amid the ongoing market volatility, the cryptocurrency market has achieved the $2.9 trillion mark with an intraday trading volume of 499.39 billion. Following this, the Bitcoin price has regained traction this week, resulting in it retesting its upper high of $94k.

Reportedly, factors like the increasing inflow of digital assets and reduction in funding rates have played a huge role in the recent price action. Moreover, on-chain data are on a constant rise with the BTC ETF making a strong comeback with a 4-day inflow streak.

With this, the marketers are entering into a FOMO-like situation with multiple questions in their mind. In this article, we bring you the market sentiments, technical analysis and possible BTC price prediction.

Bitcoin ETF Demand Increases!

After recording a negative outflow for a significant period, the BTC ETF has successfully regained momentum this week. Reportedly, over the past 24 hours, only ETF recorded a negative flow, whereas 5 ETFs witnessed a positive flow. Notably, BlackRock’s “IBIT” has led the inflow race with $643.2 million on 23rd April.