Bitcoin Rally Stalls Around $67,000: Bull Trap Or Breakout Ahead Of The Election Next?
Market analysts are sending mixed signals on Bitcoin‘s (CRYPTO: BTC) price trajectory in the coming days, with some highlighting strong underlying fundamentals and others pointing to concerning technical indicators.
What Happened: On Oct. 23, Bitcoin spot ETFs saw a total inflow of $192 million, with BlackRock‘s (NASDAQ:IBIT) ETF receiving a massive $317 million.
While Ethereum spot ETFs had a modest inflow of $1.27 million, analysts are carefully watching how these trends will impact price movements in the days ahead.
In a note sent to Benzinga, Alex Kuptsikevich, chief market analyst at FxPro, noted that the cryptocurrency market has rebounded after a dip earlier in the week.
“Bitcoin’s intraday dynamics are bullish,” he said, adding that if Bitcoin manages to break through the $69,500 resistance, it …
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