Bitcoin Price Holds Steady Below $86,000 Amid Growing ETF Inflows
Bitcoin price has been holding below $86,000 as U.S. spot Bitcoin exchange-traded funds (ETFs) continue to attract investors.
The ETFs have recorded a net inflow of $66.19 million in the last nine trading sessions, with BlackRock's iShares Bitcoin Trust ETF accounting for $51.09 million of that total.
This trend is significant as it indicates growing interest in Bitcoin among institutional investors and individual traders alike.
The support and resistance levels are currently at $82,000 and $86,000 respectively, with a sustained move above the latter putting $92,000 in focus.