Bitcoin Breaks Out, What Comes Next?
Macro, ETF flows, and price momentum suggest more upside.
Bitcoin’s recent breakout to a new all-time high didn’t come out of nowhere. It’s the result of a favourable setup that’s been building for weeks, driven by a combination of positive market momentum and steady capital inflows.
Now that the breakout has happened, those same factors are still in place, suggesting there may be more upside in the short term if the conditions hold.
In this issue, we’ll look at three key tailwinds that are currently supporting Bitcoin’s price.
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Bitcoin Breaks Out, What Comes Next?
The Takeaway
Bitcoin has broken out to a new all-time high and is now trading around $122K.
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