Bitcoin bulls are pushing BTC price higher but is there enough willpower to overcome the resistance at $43,500?
Bitcoin (BTC) price witnessed only a 0.3% decline over the past week, but new data suggests there are a few positive catalysts for a potential rally.
Bitcoin has consolidated between the price range of $41,800 and $43,900. While the immediate direction for BTC price is uncertain, there are three factors pointing to a potentially positive short-term outcome.
According to CoinShares’ reporting, BTC investment products recorded 99% of all inflows. Bitcoin welcomed $703 million inflows, bringing the total global assets under management to $53 billion.
