BlackRock Bitcoin ETF: $291.9M Inflow
BlackRock's Bitcoin ETF posts $291.9 million daily inflow, signaling strong crypto market trends and positive BTC price prediction amid bullish momentum.
SourceBlackRock's Bitcoin ETF recorded a substantial daily inflow of $291.9 million, as reported by Farside Investors, underscoring robust institutional interest in BTC despite recent crypto market volatility. This surge aligns with broader Bitcoin ETF inflows trends, potentially fueling a crypto market rally as investors pile into spot ETFs.
Zooming into the 4h chart, BTC commands a bullish posture at $74,882.56, nestled inside Bollinger Bands with upper resistance pressing at $76,611.11 and lower support holding at $70,913.4. Price dances above the EMA50 at $72,559.45, which serves as rock-solid near-term support, reinforced by the EMA200 at $70,365.99 for deeper confluence. MACD flashes a bullish golden cross at 738.7, while RSI sits neutral at 62.1—no overbought screams yet. This setup eyes a push toward upper band exhaustion before a tactical pullback to EMA50, setting up fresh legs in the uptrend for savvy traders chasing BTC price prediction upside.
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.