Thursday saw the BTC/USD pair make a higher high, breaking through the $65,000 resistance. Friday is so far showing a daily confirmation above the resistance, which, should this be successful, will provide the platform for the next leg up towards the major $70,000 resistance.
Greed is back
Source: Alternative.me
The bull market is back. Sentiment is tipping back to Greed across the market, as displayed by the Fear and Greed Index. Only last month, this indicator was deep in the Fear, at a score of 30. What a difference a few weeks makes.
The U.S. Spot Bitcoin ETFs are buying again, with only one net outflow day in the last ten. Thursday’s net inflow was the biggest since July, at $365.7 million, as institutional buyers are perhaps rushing in to lay their bets before the $BTC price takes off again.
M2 money supply breaks out
Source: @BittelJulien
Looking further out, macro analyst Raoul Pal retweeted a Julien Bittel post on X, showing that the Global M2 money supply has b
We współpracy z: https://cryptodaily.co.uk/2024/09/bitcoin-btc-overcomes-resistance-70000-is-next
