Blackrock: $160.2M IBIT Bitcoin ETF Inflow
Blackrock IBIT posts $160.2 million Bitcoin ETF inflow as BTC holds $64207.99 with EMA50 support at $63727.08 and MACD golden cross.
SourceAnalysis
Blackrock (IBIT) recorded a $160.2 million inflow in the latest Bitcoin ETF daily flows reported by Farside Investors.
BTC price action shows a bullish trend structure above both EMA50 at $63727.08 and EMA200 at $63779.88 while MACD(12,26) prints a 238.32 golden cross. Price sits inside the Bollinger band testing upper resistance at $64692.99 with RSI(14) at 61.6 leaving room before overbought territory.
Institutional Bitcoin ETF flows continue to underpin BTC price prediction models and institutional crypto adoption metrics amid current volatility bands between $62419.58 support and $64692.99 resistance.
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.
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