Bitcoin price remains shaky at the $70,000 resistance, but on-chain data suggests market participants are preparing for a stronger rally.
Bitcoin (BTC) price rose above $71,000 for the first time since March 15, as capital flows into spot BTC ETFs turned positive.
Data from Cointelegraph Markets Pro and TradingView shows that BTC has risen more than 0.55% over the last 24 hours to hit a weekly high at $71,582 on March 26.
Several factors fuel BTC’s current price movement, including consistent spot Bitcoin ETF inflows, the upcoming Bitcoin halving and the overall positive investor sentiment among institutional investors.
