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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-show-interest-in-bitcoin-and-ethereum/" data-wpel-link="internal">Investors Show Interest in Bitcoin and Ethereum</a><br></p>
<p class="p1" style="text-align: justify"><strong>Bitcoin</strong> remains in a sideways price movement, but investors continue to buy spot Bitcoin ETFs, which is a positive sign. Farside Investors <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data shows</a> net positive inflows into ETF funds over the past 11 days. CoinShares data indicates over $1 billion flowed into Bitcoin investment products last week. Institutional investors and whales are also accumulating Bitcoin. Glassnode analysts reported in The Week On-chain that long-term investors have started reaccumulating coins for the first time since December 2023.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-357625 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/coin360.png" alt="" width="1420" height="917"></p> 
<p class="p1" style="text-align: justify">According to Securities and Exchange Commission filings, over 600 US <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investment firms</a> have invested in spot Bitcoin ETFs since January. ETF funds have purchased 855,619 Bitcoins, averaging 6,200 Bitcoins per day since their launch.</p> 
<h2 class="p1" style="text-align: justify" id="bitcoin-chart-analysis">Bitcoin Chart Analysis</h2> 
<p class="p1" style="text-align: justify">The bulls’ failure to keep the price above $70,000 has pulled Bitcoin to its 20-day exponential moving average of $67,169. Recent price movements have formed a symmetrical triangle. A break below the triangle will signal a shift in advantage to the bears. The pair could drop to $64,600 and eventually to $59,600.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-357624 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/btc-9.png" alt="" width="1335" height="808"></p> 
<p class="p1" style="text-align: justify">Conversely, if the price bounces off the support line and breaks above the triangle, it will indicate that the bulls are in control. The pair will then attempt to move to $73,777. If the bulls overcome this hurdle, the rise could reach $80,000.</p> 
<h2 class="p1" style="text-align: justify" id="ethereum-chart-analysis">Ethereum Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><a href="https://en.coin-turk.com/top-whale-wallet-addresses-persistently-accumulating-eth/" data-wpel-link="internal">Ethereum</a> retreated from $3,977 on May 27, signaling that the bears are fiercely defending the $4,000 to $4,100 resistance zone. The first support on the downside is the $3,730 breakout level. If the bulls turn this level into support, the ETH/USDT pair will make another attempt to break above the $4,100 resistance. If this level is surpassed, the pair could rise to $4,868.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-357622 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/eth-7.png" alt="" width="1335" height="808"></p> 
<p class="p1" style="text-align: justify">Conversely, if the price continues to fall and drops below $3,730, it will signal that the bears are trying to make a comeback. The pair could then drop to the 20-day EMA of $3,537 and subsequently to $3,050.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-show-interest-in-bitcoin-and-ethereum/" data-wpel-link="internal">Investors Show Interest in Bitcoin and Ethereum</a></h5>

Investors Show Interest in Bitcoin and Ethereum

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