Why this key Bitcoin price trendline at $100K is back in focus
BlackRock and Fidelity led a rebound in spot Bitcoin ETFs inflows on Thursday, as traders shifted their focus to the 50-week EMA at about $100,000.
Key takeaways:
Bitcoin ETFs recorded $240 million in inflows on Thursday, ending a six-day outflow streak.
Bitcoin’s failure to drop below the 50-day EMA suggests strong support in this area.
