🔍 Is Bitcoin's correction set to continue? According to analyst insights, the answer leans towards 'yes'! 📉 A recent report from 10X Research highlights the pivotal role of spot Bitcoin ETF inflows in the US. 💼 These ETFs witnessed record-breaking inflows last week, setting the stage for potential market shifts.
But hold on tight! 🎢 The coming days hold a crucial test for Bitcoin's resilience, with Monday and Tuesday looming large on the horizon. 📅 Founder of 10X, Markus Thielen, warns that if ETF inflows disappoint, the ongoing correction in Bitcoin's price could gain momentum.
Thielen's report bravely confronts the reality of market dynamics, suggesting that significant intraday volatility could dampen investor enthusiasm and slow inflows. 📉 However, based on reversal indicators, a retracement to $59,035 seems increasingly probable.
Yet, amidst the uncertainty, there's a glimmer of optimism shining through! ✨ The report contends that while a deeper correction may be in the cards, the crypto bull market still has plenty of fuel left in its tank. 🐂 "Bitcoin's rise over the next few months is almost inevitable," Thielen asserts, hinting at potential price surges.
And if Bitcoin manages to reclaim its throne above the $69,000 all-time high from 2021? 🚀 That could just be the launchpad for even greater heights in the crypto cosmos! 🌌 Stay tuned as the Bitcoin saga unfolds! 💥 #BTC #TrendingTopic 📈