Bitcoin Price Eyes Breakout: Global Money Supply and BTC ETF Demand Soar
- Bitcoin is testing $96K resistance, and a breakout could push prices to $101K and beyond.
- Global liquidity surge and institutional interest are boosting Bitcoin’s growth potential.
- Negative funding rates often precede market bottoms, suggesting Bitcoin may soon rally.
Bitcoin is nearing a critical price point of $96,000, a resistance level that has repeatedly challenged its upward momentum during the consolidation phase. However, sentiment among analysts remains firmly bullish, fueled by a rapidly expanding global money supply.
Crypto analyst Rover stated that “global liquidity is exploding” as the volume of circulating financial capital continues to expand. Digital assets experience increased demand due to rising market liquidity, which in turn boosts Bitcoin prices. The influx of capital into the market creates favorable conditions for Bitcoin to potentially surpass the $96,000 resistance mark during a sustained breakout.
Bitcoin Faces Key Resistance at $96,000
The previous attempts of Bitcoin to surpass the $96,000 resistance level attracted significant attention among investors. The market has shown support at this zone, making it c…
The post Bitcoin Price Eyes Breakout: Global Money Supply and BTC ETF Demand Soar appeared first on Coin Edition.
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Bitcoin Price Eyes Breakout: Global Money Supply and BTC ETF Demand Soar
- Bitcoin is testing $96K resistance, and a breakout could push prices to $101K and beyond.
- Global liquidity surge and institutional interest are boosting Bitcoin’s growth potential.
- Negative funding rates often precede market bottoms, suggesting Bitcoin may soon rally.
Bitcoin is nearing a critical price point of $96,000, a resistance level that has repeatedly challenged its upward momentum during the consolidation phase. However, sentiment among analysts remains firmly bullish, fueled by a rapidly expanding global money supply.
Crypto analyst Rover stated that “global liquidity is exploding” as the volume of circulating financial capital continues to expand. Digital assets experience increased demand due to rising market liquidity, which in turn boosts Bitcoin prices. The influx of capital into the market creates favorable conditions for Bitcoin to potentially surpass the $96,000 resistance mark during a sustained breakout.
Bitcoin Faces Key Resistance at $96,000
The previous attempts of Bitcoin to surpass the $96,000 resistance level attracted significant attention among investors. The market has shown support at this zone, making it c…
The post Bitcoin Price Eyes Breakout: Global Money Supply and BTC ETF Demand Soar appeared first on Coin Edition.
Read More