Bitcoin (BTC) Readies to Recover ,000, Here’s Key Sign Shared by Analyst By U.Today

Bitcoin (BTC) Readies to Recover $65,000, Here’s Key Sign Shared by Analyst By U.Today

  • Post category:Cryptocurrency
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  • Post last modified:December 18, 2023
  • Reading time:2 mins read
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© Reuters. Bitcoin (BTC) Readies to Recover $65,000, Here’s Key Sign Shared by Analyst

U.Today – Cryptocurrency trader and analyst Ali (he goes by as @ali_charts on social media) published a post on Twitter/X about massive inflows of cash into the two leaders of the cryptocurrency market – and .

What is notable about this is that these tens of billions of US dollars’ influx into BTC and ETH took place within a single day.

A similar funds inflow into these coins was noticed three years ago, Ali stated, and it was followed by soaring to an all-time high.

“Bitcoin targeting $65,000?” Ali contemplates

Ali wrote that today, a mind-blowing $19.7 billion are flowing into Bitcoin and Ethereum. He explained his excitement by saying that approximately the same funds influx into these major coins was noticed in December 2020. After that, in April 2021, Bitcoin managed to top the $65,000 level. The second all-time high for BTC followed in October, when Bitcoin reached $69,000.


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