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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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Bitcoin's target next week is $74,000?
As the optimistic outlook for BTC emerges, the U.S. listed spot exchange-traded fund (ETF) that tracks this asset has seen net inflows for four consecutive days, with a net inflow of $257 million at the close on Thursday.
Bitcoin could potentially surpass its all-time high of $74,000 next week as institutional demand and risk appetite for assets continue to grow.
The ETF that tracks Bitcoin spot trading on the US listed exchange has seen inflows for four consecutive days, with BlackRock's IBIT receiving $94 million on Thursday, indicating a shift in investment sentiment.
"Bitcoin fell to $65,000 on Thursday but attempted to regain ground above $66,000 on Friday morning. FxPro Senior Market Analyst Kuptsikevich stated in a report to CoinDesk that if cryptocurrencies receive global risk appetite support on Friday, Bitcoin could surpass $70,000 over the weekend."
Kuptsikevich said, "We believe that the earliest possible test will be in the high range of $71,000 to $74,000 early next week, triggering a new round of FOMO."
The figure below shows the inflow amount of major Bitcoin ETFs. #BTC #BOME #ETH