Bitcoin ETFs are recording solid buying, a sign that traders believe to be an indicator that BTC will break through the range highs.
Bitcoin (BTC) has started the week on a positive note, with buyers pushing the price above the $69,000 overhead resistance. This signals that the up move remains intact.
One of the reasons for Bitcoin’s strong performance has been solid buying in the United States Bitcoin exchange-traded funds. In a post on X, Bitcoin analyst Alessandro Ottaviani said that the Bitcoin ETFs had witnessed $3 billion in inflows in the last two weeks.
In addition to the ETF buying, the US elections and the Federal Reserve’s rate decision are likely to act as a significant trigger for the cryptocurrency markets in November.
