Bitcoin: ETF Inflows Silence Bearish Sentiment
Bitcoin at $83599.32 as ETF inflows return while bears face demoralizing price grind higher on neutral 4h RSI and bullish MACD.
SourceAnalysis
Bitcoin grinds to $83599.32 as ETF inflows return to former glory, leaving bears with leftover negative sentiment from rising yields and failed clarity demoralized.
Price sits just above the EMA50 at $83504.09 with EMA200 support at $79545.98, while MACD golden cross signals sustained bullish momentum and RSI at 48.54 stays neutral inside Bollinger bands; this confluence points to continuation toward upper resistance at $84887.57 before any pullback to lower band support at $82536.22.
Eric Balchunas
@EricBalchunasBloomberg's Senior ETF Analyst and acclaimed author, co-hosting Trillions & ETF IQ while bringing deep institutional investment insights.
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