Bitcoin Weekly Analysis: BTC Consolidates Near $78K as ETF Flows Strengthen

Bitcoin enters the final week of April 2024 trading around $77,997, up 3.21% over the past seven days as the cryptocurrency continues its gradual ascent toward the $80,000 psychological barrier. The market currently reflects a tension between short-term consolidation patterns and improving on-chain fundamentals, with strengthening ETF inflows providing crucial support for sustained price action….

Bitcoin weekly Analysis

Bitcoin Weekly Analysis: Consolidation Near ATH After Spot ETF Milestone

Bitcoin trades near $71,662 as it navigates a key consolidation phase just below its all-time high, following a substantial 7.12% weekly gain. The market currently sits at an inflection point where profit-taking pressure battles against sustained institutional accumulation, with spot Bitcoin ETFs officially surpassing gold ETF inflows for 2024. This week’s focus shifts to CPI…

Bitcoin weekly Analysis