Bitcoin price is chasing after its all-time high and altcoins appear ready to follow.
Bitcoin (BTC) rallied last week, but it remains inside a large range. Has Bitcoin topped out, or will the rally resume? That is the central question in every trader’s mind. Analyst “ELI5 of TLDR” said in a X post that five out of seven on-chain indicators show that the bull market may be just getting started, while two show topping patterns.
Bitcoin’s bounce off the psychological support near $60,000 seems to have triggered buying interest in the spot Bitcoin exchange-traded funds. Farside Investors data shows roughly $950 million in inflows last week, the best weekly performance since March. If the inflows sustain, Bitcoin could surprise to the upside.
Markus Thielen, the head of research at 10x Research, is bullish on Bitcoin. Thielen said in a report that their Bitcoin ETF model predicts a new all-time high if Bitcoin crosses above $67,500.
