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Atypical Weekend for Bitcoin: Nudging Towards the $70,000 Mark

Bitcoin inches closer to the $70,000 mark in an unusual weekend activity. Traders are eyeing a strong weekly close. BTC climbs to $69,694, raising hopes for further gains.

Weekend rise pushes Bitcoin above $69,000, hitting highs of $69,781 on Bitstamp. Traders anticipate a continuation of rising into the new week.

A digital graph showcasing Bitcoin's price trajectory over a weekend, indicating a sharp rise close to $70,000.
Source: Coinbackyard

Experts are cautious despite bullish sentiment, highlighting $69,000 as a critical level. Bearish signals persist, raising the possibility of price rejection at $72,000. Analysts foresee the potential for a bullish weekly candle close, contingent on Bitcoin holding above the $69,000 mark.

Bitcoin ETFs witness consolidation with a return to net inflows. Institutional optimism grows as US spot Bitcoin ETFs rebound; BlackRock adds major US banks as participants. Net ETF inflows surpass $200 million on April 5, reaching around $570 million for the week.

April 8, 2024 at 9:01 am

Updated April 8, 2024 at 9:01 am

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