Technical analysis by FinWealth about Symbol BTC on 3/14/2024

The United States spot Bitcoin BTC exchange-traded funds (ETFs) recently achieved a new milestone after attracting more than $1 billion in net inflows for the first time on March 12. Investments into spot Bitcoin ETFs continue to soar as daily inflows breached $11.1 billion over the last 13 days. On March 12, Bitcoin ETFs saw their biggest-ever daily inflow of $1.045 billion, chiefly contributed to by BlackRock’s iShares Bitcoin ETF (IBIT). Too many excited ppl, isn't it?! Technical graph indicates on 2-years long upside channel, where near 73K per BTC is the Top, and near 55K is the middle. Technically, BTC can retrace to mentioned above level.BTC is back below 65'000BTC Bulls got stuckBTC bulls fade. Robust gain de-established.BTC is back below 60'000BTC is back below 60'000 again.July 5, 2024 Target reached. BTC hit 55'000