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Crypto

ETF Buying Strengthens Bitcoin Above $79K, Resistance at $82K Looms

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin has been trading above $79,000 after US spot ETFs saw significant inflows last week. The $730.9 million investment in a single day was the second-largest daily inflows of the year for these funds, with only January 14's $843.6 million exceeding it.

The CryptoRus analysis platform views this as an important test to see if institutional buying can push BTC through the closely watched $82,000 resistance level. According to CryptoRus, this is a bullish test rather than a finished breakout.

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