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Crypto

Bitcoin Breaks Through Resistance Level Amid Record Buying Pressure

Guavy AI Editorial Team
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BTC
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Bitcoin's recent price surge has seen it break through an important resistance level, with the cryptocurrency reaching $86,600. This move has also coincided with a significant increase in buying pressure on the futures market, reaching its highest point in six weeks.

According to Glassnode, the key sales barrier at around $85,000 has been breached, and it appears that most remaining buy orders have been withdrawn from the market.

Adler Jr. identifies $83,000 as a crucial support level, while Killa confirms a verified low point of $82,500.

In related news, US spot ETFs saw net inflows of $102.7 million yesterday, with BlackRock's IBIT fund receiving $195.6 million in investments.

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