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Bitcoin Price Analysis: Whale Activity and ETF Inflows Boost BTC Rally to Target $90k

source-logo  coingape.com 07 June 2024 15:20, UTC

Bitcoin Price Analysis: Over the past two weeks, the Bitcoin price witnessed a notable drop in volatility, stabilizing in a range between $71,500 and $66,500. This sideways movement has led to widespread market uncertainty, with many major altcoins entering a phase of correction or consolidation. Despite this, the increasing inflows into spot BTC ETFs and rising whale accumulation suggest a bullish scenario. These factors point to a potential breakout from Bitcoin price prediction and rechallenge the current highs of $73800.

coingape.com