Will Wall Street trading hours offer Bitcoin bulls more fuel this week?
On-chain analytics firm Glassnode confirmed the trend, suggesting that it could form part of a more long-term shift thanks to the U.S. exchange-traded fund filings.
“As a gold rush of institutional-grade ETF applications are filed in the US, we have seen early signs of a revival of US-led demand,” it wrote in the latest edition of its weekly newsletter, ““This comes after a period of weaker relative US demand in 2023, with top exchanges in Asia seeing the strongest accumulation year to date.”Analyst: Snap BTC price correction"highly unlikely"
Turning to BTC price performance itself, trading suite Decentrader flagged a key resistance level now overhead.This came in the form of its two-year moving average at just above $32,800. “Historically, underneath the 2 Year MA has provided a fantastic accumulation opportunity ahead of the following halving cycle,” part of Twitter analysisAn accompanying chart showed the 2-year MA plus the trend line reflecting five times its value, suggesting upside follows breakouts above the former.Shorter timeframes also showed a
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