Bitcoin Overview in the Last Week

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In the previous week, Bitcoin began its journey priced at US$ 85.074 and ended with a **valuation of 10.12%**, reaching US$ 93.769.

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During the analyzed period, the asset's price showed a trading range between the low of US$ 83.974 and the high of US$ 95.857. A significant **resistance was observed in the range of US$ 96 thousand**. This barrier can be attributed to selling activity by **Short-Term Holders (STH)**, whose average acquisition price is around US$ 93 thousand. These investors, after facing losses in the previous three months, demonstrated an active profit-taking behavior, moderating the appreciation momentum.

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However, in the last three days, the **demand present on exchanges demonstrated the ability to fully absorb this selling pressure**, providing unexpected stability to the market. The price range close to **US$ 97 thousand** is identified as the **next relevant resistance zone**, whose overcoming may signal a new bullish momentum.

Regarding **Bitcoin ETFs**, April 22 and 23 recorded significant net inflows, totaling US$ 936.43 million and US$ 916.91 million, respectively. These amounts represent the largest daily flows observed in the current year. On a weekly horizon, the total invested in these financial instruments reached US$ 3.06 billion, reflecting growing interest from institutional investors.

Since the low recorded on April 7, the price of Bitcoin has accumulated a **valuation exceeding 25%**, surpassing the level of US$ 94.000. The current market dynamics suggest a recovery scenario and potential continuation of upward movement, conditioned on overcoming the resistance at US$ 97 thousand.

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