$BTC Bitcoin (BTC) prices are currently showing a clear upward movement, having breached the $118,000 levels in recent days, driven by strong institutional ETF inflows, a weakening dollar, and expectations of a reduction in U.S. interest rates.

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📈 Why is Bitcoin rising now?

1. Massive institutional inflows: Spot Bitcoin ETFs saw around $1.18 billion enter in one day, creating enormous buying pressure.

2. Supportive macroeconomic conditions: The weakening U.S. dollar and expectations for a U.S. interest rate cut in the third quarter indicate further upward momentum.

3. Positive technical patterns: Technical analysis shows a "bull flag" pattern achieving a breakout, which could push the price towards $134,000 or more according to some analysts; technical analysis suggests that the movement is not over yet.

4. Regulatory and institutional attraction: Support for new legislation in the U.S. Congress and the establishment of the "Strategic Bitcoin Reserve" by the U.S. administration as per the recent executive order enhances long-term confidence.

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