Bitcoin Price Prediction: Analysts Eye $116K Recovery As BlackRock Boost Sparks Demand
- Bitcoin price today trades near $109,700, holding above $109,000 support but capped below the $111K–$113.5K EMA cluster.
- BlackRock’s $66M Bitcoin purchase for its Global Allocation Fund signals growing institutional adoption.
- Net inflows of $58.49M show renewed accumulation, though futures open interest slips to $78.1B on cautious leverage.
Bitcoin price today is trading near $109,700, struggling below the $111,000–$113,500 resistance cluster. Buyers are defending the $109,000 zone, but momentum has weakened after repeated failures to reclaim the EMA cluster. The market now weighs institutional inflows against fragile technicals.
Bitcoin Price Holds Key Support But Struggles With EMAs
The daily chart shows Bitcoin hovering around $109,700, with the 20-day EMA at $112,955 and the 50-day EMA at $113,351 forming…
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Bitcoin Trails Equities, Metals, and USD in Q3. Here Is a Key Level to Watch for Next Move
Bitcoin Price Prediction: Analysts Eye $116K Recovery As BlackRock Boost Sparks Demand
- Bitcoin price today trades near $109,700, holding above $109,000 support but capped below the $111K–$113.5K EMA cluster.
- BlackRock’s $66M Bitcoin purchase for its Global Allocation Fund signals growing institutional adoption.
- Net inflows of $58.49M show renewed accumulation, though futures open interest slips to $78.1B on cautious leverage.
Bitcoin price today is trading near $109,700, struggling below the $111,000–$113,500 resistance cluster. Buyers are defending the $109,000 zone, but momentum has weakened after repeated failures to reclaim the EMA cluster. The market now weighs institutional inflows against fragile technicals.
Bitcoin Price Holds Key Support But Struggles With EMAs
The daily chart shows Bitcoin hovering around $109,700, with the 20-day EMA at $112,955 and the 50-day EMA at $113,351 forming…
Read The Full Article Bitcoin Price Prediction: Analysts Eye $116K Recovery As BlackRock Boost Sparks Demand On Coin Edition.
Read More