Bitcoin Bulls Back in Action: Could BTC Be Poised for Another Run?
Bitcoin (BTC) is making some serious moves, and things are looking bullish. The price has just cleared a major hurdle, setting the stage for a potential breakout to new all-time highs (ATH). The recent surge in spot BTC ETF inflows, particularly the $260 million pouring into Blackrock’s iShares Trust, is a major sign of institutional confidence. This marks the eighth consecutive day of positive inflows, the best performance since July 5.
## BTC Price Action Suggests Potential for Big Gains
The current price action strongly resembles the surge that led to the 2021 highs. If the trend repeats, we could see BTC price surge another 60% before year-end.
Here’s why:
* **Breaking Resistance:** BTC has overcome a major resistance level, opening the door for a run towards $70,000.
* **Weekly Confirmation:** A strong weekly close above $65,000 would solidify the bullish momentum and likely push BTC towards $70,000.
* **Similar Pattern:** The current price action strongly mirrors the 2021 run-up.
* **Smaller Correction:** BTC has only faced a 25% correction, compared to the 50% correction in 2021.
## Potential for New ATH?
If the current trend continues, BTC could reach a new ATH above $100,000 before the end of the year. However, it’s important to remember that the crypto market is notoriously volatile, and past performance is not indicative of future results.
**It’s always wise to do your own research and consult with a financial advisor before making any investment decisions.**
