Bitcoin Rally: $70K Milestone Boosts Market Confidence

Bitcoin recently climbed by 5%, crossing $70k as market dynamics reflect renewed optimism in the cryptocurrency sector. As inflation trends continue to dip and Bitcoin ETF flows reach new highs, confidence in Bitcoin’s growth trajectory remains robust among investors.

Bitcoin Rally: $70K Milestone Boosts Market Confidence

💵 Welcome to the Bitcoin newsletter for long-term wealth creators.

📈 Bitcoin Price - 3 Months

Source: https://www.bitcoinmagazinepro.com/bitcoin-price-live/

🌡️ Bitcoin Temperature

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1: Extreme Fear - 5: Extreme Greed
Be greedy when there is fear in the market and fearful when there is greed.

This article explains how to use the Bitcoin temperature to make your Bitcoin investment decisions. The Bitcoin Temperature is now available on my website and updated every Wednesday.
Source: https://www.sandeepgoenka.com/btc-metrics/btc-temperature
Source: Source: https://www.sandeepgoenka.com/btc-metrics/btc-temperature

🥊 Bitcoin Vs Other Assets - 1 Year

Source: https://www.sandeepgoenka.com/btc-metrics/btc-vs-other-assets

🌊 ETF Flows

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ETFs saw an inflow of 45k Bitcoin, up 15% and hit a new record of 360k Bitcoin.
Source: https://heyapollo.com/bitcoin-tracker/flows

🗞️ Bitcoin Bytes

  • VanEck predicts a Bitcoin price of $3 million by 2050.

  • Despite the recent price increase, Google trends for Bitcoin are at historic lows, which shows that Bitcoin is not yet in a hype cycle.

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See you in the next block.
Sandeep Goenka