Bitcoin Signals Bullish Reversal at $63,193.80 Support Level Amid Strong ETF Demand
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Bitcoin is exhibiting a significant bullish reversal after a critical retest of the $63,193.80 support level. This positive trend is driven by increasing demand for spot Bitcoin ETFs, which has now outpaced their new supply.
A notable financial analyst has pointed out that this heightened ETF demand is instrumental in propelling Bitcoin's bullish momentum, reflecting a robust market sentiment.
The dynamics between supply and demand for these financial products are proving to be a crucial factor in Bitcoin’s price movement, signaling potential future bullish trends.
Source: en.coinotag.com ↗
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