BlackRock Investors Pour $478M into Daily BTC Buys
BlackRock's IBIT ETF investors have been steadily accumulating Bitcoin this week. According to recent data, they purchased a total of $478.5 million worth of BTC daily.
The current price of BTC is $64,475.38, which falls within the Bollinger band. The upper resistance point is at $65,166.41, while the lower support point is at $63,065.45.
Technical indicators suggest a bullish trend for Bitcoin. The EMA50 at $64,003.76 serves as immediate support, and the EMA200 at $63,650.41 anchors the broader bullish structure.