Bitget: "From a technical standpoint, bitcoin maintains a bullish structure."
After recording a strong recovery this week, surpassing the level of USD 109,000 again and approaching its all-time high, bitcoin maintains a bullish structure, with higher highs and higher lows, according to Bitget Argentina.
#Tradersleague Carolina Gama, Country Lead of Bitget for Argentina, shared with Cointelegraph in Spanish her impressions on bitcoin's weekly performance after it recorded a strong recovery on June 11, surpassing the level of USD 109,000 again and approaching its all-time high.
According to Gama, this movement was driven by new institutional flows towards ETFs in the United States —notably BlackRock and Fidelity—, as well as an improvement in global appetite for risk assets, in a context of anticipation for the publication of the Consumer Price Index (CPI) in the U.S., released this Thursday, the 12th.