1 week ago
3
Key takeaways
- Bitcoin ETFs attracted approximately $3 billion across eight consecutive sessions of positive inflows.
- Upcoming US inflation and growth data could influence interest-rate expectations and short-term market direction.
- Holding support between $80,000 and $82,000 could support another attempt at $85,000, with $90,000 a potential subsequent target.
Bitcoin has dipped 1% over the past 24 hours, but its recovery remains within a broader consolidation following the recent advance toward $85,000.
The retreat from that level has been interpreted as profit-taking after a strong rally. Continued institutional inflows support the bullish case, although the shorter-term chart suggests the correction has not necessarily finished.
Attention is now turning to US economic releases and whether Bitcoin can maintain support if inflation concerns prompt investors to reduce exposure to risk assets.
Inflation expectations create a near-term test
The US inflation and economic growth figures are important potential catalyst...
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