Bitcoin's target next week is $74,000?


As the optimistic outlook for BTC emerges, the U.S. listed spot exchange-traded fund (ETF) that tracks this asset has seen net inflows for four consecutive days, with a net inflow of $257 million at the close on Thursday.
Bitcoin could potentially surpass its all-time high of $74,000 next week as institutional demand and risk appetite for assets continue to grow.
The ETF that tracks Bitcoin spot trading on the US listed exchange has seen inflows for four consecutive days, with BlackRock's IBIT receiving $94 million on Thursday, indicating a shift in investment sentiment.
"Bitcoin fell to $65,000 on Thursday but attempted to regain ground above $66,000 on Friday morning. FxPro Senior Market Analyst Kuptsikevich stated in a report to CoinDesk that if cryptocurrencies receive global risk appetite support on Friday, Bitcoin could surpass $70,000 over the weekend."
Kuptsikevich said, "We believe that the earliest possible test will be in the high range of $71,000 to $74,000 early next week, triggering a new round of FOMO."
The figure below shows the inflow amount of major Bitcoin ETFs. #BTC# #BOME# #ETH#
BTC-0.22%
BOME-2.57%
ETH-2.31%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
LuckyStarvip
· 2024-05-18 01:10
Bullish return 🐂
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)