Bitwise’s Matt Hougan predicts Bitcoin ETF inflows will hit a record in Q4, as analysts say Bitcoin still has room to run despite recently hitting a peak. Bitcoin is currently clear of “overbought conditions” and is set to track a steady path upward despite hitting a new all-time high on Monday, according to analysts. Bitcoin (BTC) hit a peak high of over $126,000 on Monday, which places it “roughly halfway through its four-year price cycle,” CryptoQuant contributor Arab Chain said on Wednesday. “Despite this strong performance, technical indicators suggest the price is still moving within a stable range far from the overbought conditions that typically precede historical peaks,” it added.Read more Bitwise’s Matt Hougan predicts Bitcoin ETF inflows will hit a record in Q4, as analysts say Bitcoin still has room to run despite recently hitting a peak. Bitcoin is currently clear of “overbought conditions” and is set to track a steady path upward despite hitting a new all-time high on Monday, according to analysts. Bitcoin (BTC) hit a peak high of over $126,000 on Monday, which places it “roughly halfway through its four-year price cycle,” CryptoQuant contributor Arab Chain said on Wednesday. “Despite this strong performance, technical indicators suggest the price is still moving within a stable range far from the overbought conditions that typically precede historical peaks,” it added.Read more
Bitcoin looks far from overbought as ‘stars are aligned’ for ETF surge
Bitwise’s Matt Hougan predicts Bitcoin ETF inflows will hit a record in Q4, as analysts say Bitcoin still has room to run despite recently hitting a peak.
Bitcoin is currently clear of “overbought conditions” and is set to track a steady path upward despite hitting a new all-time high on Monday, according to analysts.
Bitcoin (BTC) hit a peak high of over $126,000 on Monday, which places it “roughly halfway through its four-year price cycle,” CryptoQuant contributor Arab Chain said on Wednesday.
“Despite this strong performance, technical indicators suggest the price is still moving within a stable range far from the overbought conditions that typically precede historical peaks,” it added.
Read more
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