Strong Momentum, But a Correction Could Come
What a week! Bitcoin is sending very strong signals. We’re rising again and touched $79K today, with the current level around $77K. And ETFs are back strong. Since Tuesday, we’ve seen net inflows of around $1B. Really strong, in my view.
Now we need to stay above $67K or, even better, $70K over the weekend. Then the $80–82K hurdle is next.
That said, don’t be surprised if we see a short-term correction. A +20% move in just a few days is huge, and greed is clearly building up.