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CRYPTO BREAKING NEWS
— InnovatekMobile (@Neome_com) February 12, 2024
Bitcoin Gains Ground with Institutional Investors. Today, significant developments in spot Bitcoin ETFs highlight crypto acceptance. Fidelity and ARK 21Shares collectively amassed over 6,800 Bitcoi… check us out @ https://t.co/8dh137aX4R pic.twitter.com/vSDdclnqga
Recognizing digital assets like BTC as a hedge, established financial entities are diversifying their holdings. Inflows into spot Bitcoin ETFs indicate rising investor interest, contributing to enhanced market liquidity. This surge in demand creates upward pressure on Bitcoin prices as crypto signals become positive. The news underscores Bitcoin’s legitimacy, driving optimism and fueling the current upswing in its price.
Key Bitcoin Levels To Watch – February 12
The current state of the market, according to the RSI (Relative Strength Index), implies that a decline is likely. However, the market’s overall order flow remains bullish.
As per the MA Cross, BTCUSD is highly under the control of the bulls. Following the inducement into the liquidity void and the FVG (Fair Value Gap), the bullish trend is likely to resume.
BTC/USD Key Levels
Resistance Levels: $49102.00, $52100.00, $57653.00
Support Levels: $43872.00, $38501.00, $34759.00
BTC Metrics
Total Market Capitalization: $1.64T
Bitcoin Market Capitalization: $982B
Bitcoin Volume: $30B
Market Rank: #1
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