Bitcoin is currently trading at $61,500, with a 24-hour trading volume of $28.28 billion. It has dropped about 2.25% in the past day and ranks first on Cryptonews with a market cap of $1.21 trillion. The U.S. Spot Bitcoin ETF market has seen a significant $66 million inflow after two days of outflows, led by Fidelity’s FBTC. This surge in inflows highlights renewed investor interest in cryptocurrency-backed exchange-traded funds and coincides with a recovery in Bitcoin’s price. Overall, there is growing trader confidence in Bitcoin ETFs, indicating a shift in investment strategies amid market volatility.
Bitcoin ETFs saw a significant turnaround with a $66 million net inflow on May 13, leading to renewed bullish sentiment, notably with Fidelity’s FBTC capturing the majority of new investments. This influx demonstrates a growing appetite for cryptocurrency investments and reflects the ongoing interest in Bitcoin ETFs among investors. Additionally, the recent surge in inflows signifies a shift in investor confidence and strategies, with Fidelity’s FBTC and Bitwise Bitcoin ETF BITB attracting the most significant investments.
Bitcoin‘s 4-hour chart shows that BTC is hovering around a pivot point of $61,450, indicating a slightly bullish Bitcoin price prediction. The symmetrical triangle pattern around this pivot point suggests potential volatility, with Bitcoin likely to break out in either direction. Immediate support levels are identified at $60,185, $58,550, and $56,645, while a breakout above $63,250 could drive the price towards $65,500 and $67,222. Traders are advised to closely monitor these key levels for potential market moves.
99Bitcoins, a leader in digital education, is offering a presale of $99BTC tokens as part of its ‘learn-to-earn’ platform, allowing participants to enhance their cryptocurrency knowledge while earning tokens. The presale has attracted the attention of savvy investors, offering $99BTC tokens at a competitive price of $0.00103 each. Participants not only receive tokens as a reward mechanism but also gain access to premium content and additional perks within the 99Bitcoins community.
With over $1.26 million raised in the presale, 99Bitcoins is making strides towards its goal of $2.04 million. There are just over three days left until the next pricing stage, making it a crucial moment for investors to take advantage of the presale and start benefiting from immediate staking opportunities. Participants are urged to act fast to secure early advantages and capitalize on the potential benefits offered by the 99Bitcoins presale, which presents a rare opportunity for early investors.
In conclusion, Bitcoin remains cautiously bullish above the $61,450 pivot point, with potential support levels identified at $60,185, $58,550, and $56,645. A breakout above $63,250 could lead to further price increases towards $65,500 and $67,222. Traders should closely monitor key levels and market moves to capitalize on potential opportunities. Additionally, the 99Bitcoins presale offers early investors a unique chance to secure $99BTC tokens at a competitive price and access premium content, highlighting the growing interest in digital education and cryptocurrency investments.
