Key points:
- Sellers will attempt to halt the recovery at $74,508, but if buyers bulldoze their way through, the rally may reach $84,000.
- Select major altcoins have risen above their overhead resistance levels, signaling solid demand at lower levels.
Bitcoin (BTC) rallied to $74,508 on Monday, a level that is a key near-term resistance. Crypto sentiment platform Santiment said in a recent report that wallets holding between 10 and 10,000 BTC have started accumulating, which in the past was a bullish sign.
US spot BTC exchange-traded funds (ETFs) have also attracted investors, recording five straight days of inflows last week. Bernstein said in a Monday research note shared with Cointelegraph that sustained inflows into BTC ETFs and steady corporate buying by companies such as Strategy…
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Source cointelegraph.com
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