ARKB: Records 85.2 Million Bitcoin ETF Outflow
ARKB posts 85.2 million outflow while BTC holds 85868.08 with EMA50 support at 84793.76 and neutral RSI at 57.38 on 4h chart.
SourceAnalysis
ARKB posted an 85.2 million outflow in the latest Bitcoin ETF daily flow data.
BTC trades at 85868.08 inside Bollinger bands with upper resistance at 86576.4. Price sits above EMA50 support at 84793.76 and EMA200 at 81632.24 while RSI at 57.38 stays neutral and MACD shows a death cross at 367.55. This confluence points to short-term volatility exhaustion that could drive a retracement toward the 50-EMA before any continuation higher, shaping near-term BTC price prediction scenarios and reducing odds of an immediate crypto market crash.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.