bullish

Bitcoin

Spot

Trillion

<p>Amid rising volatility in the crypto market, the global valuation has surpassed the $2.10 Trillion mark with a jump of 3.09% in 24 hours and a total trading volume of $67.04 billion.</p>   
<p>Following this, the market leader, Bitcoin price has surpassed its important psychological mark of $60,000. With this, the hope of the BTC price achieving $100k this year seems to be possible once again.</p>   
<h2 class="wp-block-heading" id="h-btc-price-reclaims-60k-mark">BTC Price Reclaims $60k Mark!</h2>   
<p>With a jump of 3.51% over the past day, the price of Bitcoin has successfully reclaimed $60,000. Moreover, with a trading volume of $32.57 billion, it has recorded a high of $60,656.72. Notably, it has surged 10.54% over the past week and has a YTD return of 41.96%.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfjXLY3HGjj8JKXpLcigjZKcomxIHsXuR86a176jE2Z3YhNpDvtHz-P8jTdQ9B-lZJYpMSI5iP1PAaw4_dUuSb9tnFcbV6urlFpKjlq3FTcvQfr2Bl6x498iWEd-QwVPdSftHW9vwco096aFzI_2Mn7RVjI?key=5wFltrguPMtrn_izbg62UQ" alt="Bitcoin Price Analysis September 2024">
 <figcaption class="wp-element-caption">
  TradingView: BTC/USDT
 </figcaption>
</figure>   
<p>The Simple Moving Average (SMA) has recorded a bullish curve in the BTC price chart. This indicates increased bullish action for the largest cryptocurrency in the market.</p>   
<p>Moreover, the RSI indicator has recorded a sharp uptrend above the mid-point in the 1D time frame. Further, with the average trendline supporting the price chart, the Bitcoin price suggests a positive outlook in the coming time.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-spot-etf-update">Bitcoin Spot ETF Update:</h2>   
<p>Over the past 24 hours, 7 out of 11 BTC ETFs have recorded a positive flow. Reportedly, Fidelity recorded the high flow with $102.1 million, followed by Ark with $99.3 million. Moreover, Bitwise added $43.1 million, Grayscale added $6.7 million, whereas Franklin, VanEck, and Valkyrie added $5.2M, $5.1M, and $1.7M.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfYfMK9XQN3E8khg6ieS-pY2OIUqgpMUvWTda7hIiC8ZeXFfRG3AHuEuywHCRYlrdq_oqjNn3phK8x55gOgy79frKqavIiev9ZRAzmZTaF3DYOxCwUeauOM3oNRgFKYgbfXyVN7-8IlsjEdLDlF59Xcmss?key=5wFltrguPMtrn_izbg62UQ" alt="">
 <figcaption class="wp-element-caption">
  Source: SoSoValue
 </figcaption>
</figure>   
<p>Notably, no Bitcoin ETFs have recorded a negative flow during this period. With this, the total flow for the day concluded at $263.2 million. This highlights an increased bullish action for the star crypto in the market.</p>   
<h2 class="wp-block-heading" id="h-how-high-will-the-btc-price-go-this-month">How High Will The BTC Price Go This Month?</h2>   
<p>If the market holds the Bitcoin price above its support level of $60,000, the bulls will prepare to test its upper level of $62k. Maintaining the price at that level could set the stage for the market leader to head toward its upper resistance level of $66k by the month-end.</p>   
<p>On the flip side, a trend reversal could result in its retesting its support trendline of $58k. Furthermore, if the bearish sentiment intensifies, the price of Bitcoin could plunge toward its lower support level of $55,000.</p>   
<p>Wondering if the BTC price could smash the $100k mark this year? CoinPedia’s <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price prediction</a> answers that and much more!</p>

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