Bitcoin's price is on the verge of overcoming a 7-month downtrend as it contends with a downward-sloping channel. Optimistic Bitcoin enthusiasts believe this may be a pivotal moment for the cryptocurrency.
The surge in Bitcoin ETFs, which have reached a record $65 billion, is contributing to the bullish sentiment around Bitcoin's price movement. Investors are hopeful that this development will push the price higher, breaking the months-long bearish trend.
A potential breakout from this resistance channel could signify the end of the slump and may result in significant positive momentum for Bitcoin in the near future.
منبع: cointelegraph.com ↗