Crypto
Bitcoin Price Rebounds Amid Altcoin Rally, Bulls Eye $97,000 Target
Bitcoin's price has pulled back from its nearly nine-month high of $87,400 after a 16%+ rally in just over two weeks. Despite this dip, market momentum remains positive as altcoins continue to rise.
The $80,000 to $82,000 zone is crucial for bulls to defend, while bears need to maintain the cap at $91,000 to prevent a liquidation-driven rally to $97,000.
The recent surge in spot Bitcoin ETF inflows, with $2.25 billion in net inflows across the first four trading days of the week through Sept. 24, has been accompanied by rising spot exchange volumes, which have increased by 121% since August.