Bitcoin's momentum just took a bullish turn! Weekly inflows into spot BTC ETFs hit a massive $2.1 billionâone of the largest we've seen this year! đ This surge in investment could pave the way for Bitcoin to push toward a new all-time high (ATH).
đĄ KEY INDICATOR FLASHES GREEN: The MACD on the weekly chart has turned positive for the first time since April 2024, signaling growing upward momentum for BTC. Historically, this has been a solid predictor of strong price movement.
đŒ INSTITUTIONAL MONEY FLOODING IN: With major players like Morgan Stanley holding over $272 million in BTC ETFs, the institutional appetite is growing fast. Total net assets in US spot BTC ETFs now sit at $66 billion!
đ Meanwhile, retail investors remain cautious due to volatility, but donât sleep on Bitcoinâmomentum is building! BTC is currently at $68,048, down slightly over the last 24 hours, but things are heating up.
Is a new ATH just around the corner? Stay alert!
#Bitcoin #BTC #CryptoNews #Uptober #BTCto70K
