Solana

Bitcoin ETF

Bitcoin

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<p dir="ltr">The price of Bitcoin (BTC) now stands as one of the most speculative subjects in the broader digital currency ecosystem. After falling as low as $58,554.25 over the past week, there are now reasons to be optimistic for a major bullish rebound.&nbsp;<a href="https://x.com/ali_charts/status/1806328202295497195">According</a> to insights from top market analyst Ali Martinez, Bitcoin might be on its way to retest the $66,000 price mark in the short term.</p>
<h2 id="bullish-bitcoin-call">Bullish Bitcoin call</h2>
<p dir="ltr">Martinez revealed that Bitcoin had formed a pattern called "Adam and Eve." Considering its bullish nature, this pattern can push Bitcoin up by more than 6% from its latest level. If this happens, the $66,000 resistance level is feasible soon.</p>
<blockquote>
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> seems to be shaping an Adam &amp; Eve bottoming pattern, signaling a potential 6% rise toward $66,000 if <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> can maintain a candlestick close above $62,200! <a href="https://t.co/ebOUxgBqVj">pic.twitter.com/ebOUxgBqVj</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1806328202295497195?ref_src=twsrc%5Etfw">June 27, 2024</a>
</blockquote> 
<p dir="ltr">It is worth noting that Bitcoin has continued to capitulate over the past few days, and the last time the coin traded above the $66,000 price level was June 17. Reclaiming this level might seem easy to do, but it is worth noting that Bitcoin remains in a fix, per its core fundamentals.&nbsp;</p>
<p dir="ltr">The inflow of funds into spot Bitcoin ETF products has been bidirectional, with investors&nbsp;<a href="https://u.today/bitcoin-etfs-continue-bleeding-140-million-outflow-registered">withdrawing</a> even at a faster pace than they are injecting cash in. This instability in netflow has made non-ETF investors stay in the conservative lane.</p>
<p dir="ltr">At the time of writing, the price of Bitcoin is changing hands for $61,299.01, up marginally by 0.91% in 24 hours.&nbsp;</p>
<h2 id="focus-shifting-from-bitcoin">Focus shifting from Bitcoin</h2>
<p dir="ltr">The social heatmap surrounding Bitcoin is also a major factor in its dwindling price action. Over the past month, the attention has shifted to the top altcoins, including Ethereum (ETH) and Solana (SOL).</p>
<p>While Ethereum achieved <a href="https://u.today/ethereum-etf-approval-is-last-dam-to-be-broken-for-entire-crypto-industry-anthony-pompliano">approval for a spot ETF</a> offering in May, Solana saw its first two ETF&nbsp;<a href="https://u.today/breaking-solana-etf-proposal-filed-by-vaneck">applications</a> in Canada and the United States come within weeks of one another. While Bitcoin started a revolution in the crypto space, many more altcoins are on track to finish it.</p>

Bitcoin (BTC) Price Might Retest $66,000 If This 'Adam and Eve' Pattern Validates

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U_Today

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