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Bitcoin has risen alongside global risk markets after signs of reducing trade tensions between the United States of China.
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Bitcoin’s investment funds attract $ 1.29 billion in daily flows.
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Bitcoin holders in the short term have returned to profit.
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Classic bullish reflection pattern in gameplay.
Bitcoin (BTCIt has increased by 6.80 % in the past 24 hours to reach 94,510 dollars on April 23, its highest level in about two months.
Etfs Bitcoin Etfs you see the biggest flow since November
On April 22, a total of 11 investment funds in Bitcoin attracted more than $ 1.29 billion, the highest since November 2024, when Donald Trump won the US presidential elections.
Feelings improved after Trump’s clarification as “no intention” for the release of Federal Reserve Chairman Jerome Powell. The president also said he is ready Reducing definitions on Chinese goodsIt indicates the abolition of the ongoing trade war with Beijing.
These notes led to a gathering in the global markets, where each of them gained S&P 500 and NASDAQ more than 2.5 %, and the rise in Asian markets such as Japanese Nikkei and South Korea by 2.3 % and 1.2 %, respectively.
Bitcoin, which was already showing signs of “”seasonOf the origins of the risk, it increased along with positive flows through the investment funds circulating in their position.
The BTC price pump is in the past 24 hours with the liquidation of $ 321.78 million in the futures market, including more than $ 300 million in short pants.
The short qualifiers, which reflects merchants who buy BTC at higher prices to close their vocal sites, have strengthened the price of encrypted currency today.
The last bitcoin buyer returned to profits
Bitcoin has recovered its short -term holder (STH) the basic range (about $ 91,000; the blue wave in the graph below) on April 22, according to the Data Data Glassnode platform.
Recently, we highlighted this level as a standard for market address and location, “Glassnode booksAdding:
“The ongoing step above it often indicates renewable confidence and can serve as a starting point for more upward trend.”
This event indicates that the latest buyers have now returned to profit, which may reduce the pressure of sale and restore confidence between short -term holders.
Bitcoin’s technical hints in the rally more than $ 100,000
It seems that the continuous high bitcoin prices are part of the penetration phase of the prevailing shed, a classic upscale reflection pattern.
In addition, the BTC avoid the formation of the “death cross”, a declining indicator that is formed when the moving average of the original ranges between 50 points less than the moving average in the period 200.
Related to: The purchase of ExchandE Bitcoin has returned where “Spoofy The Whale” raises $ 90,000
It suggests the meeting of these optimistic indicators It may regain $ 100,000 Again by May, with the wide goal falling at about $ 102,700.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
