🟪 Bitcoin’s price has shown a slight decline of 0.13%, currently at $65,789. If the monthly candle closes around this level, a 15% increase is expected for September 2024. According to Coinglass, Bitcoin’s price is $65,818, with a market capitalization of $1.3 trillion.
🟪 The cryptocurrency market is experiencing growing institutional interest. Just on Friday, the net inflow into Bitcoin amounted to $494.4 million, according to Sosolvaue data. Over the past few weeks, Bitcoin spot ETFs have seen weekly inflows of $1.1 billion. This suggests rising confidence in digital assets.
🟪 With continued buying activity, Bitcoin’s price has risen by 3% before testing the resistance line of a bullish flag pattern. A breakout above this level would accelerate the bullish momentum, potentially leading to a price increase to $85,000, representing a 25% potential rise.