Bitcoin Holding $105K During War Is Bullish for Crypto
Key points:
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A week of solid inflows into the spot Bitcoin ETFs improves the prospects of a rally toward $110,000.
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HYPE, BCH, AAVE, and OKB could march higher if Bitcoin sustains above $105,000.
Bitcoin (BTC) is forming a Doji candlestick pattern on the weekly chart, indicating indecision between buyers and sellers. Despite the near-term uncertainty, analysts remain bullish on Bitcoin’s prospects in 2025, expecting a rally from $140,000 to $270,000.
Another positive sign is that the geopolitical turmoil caused by the conflict between Israel and Iran did not create panic among investors. According to Farside Investors’ data, US-based spot Bitcoin exchange-traded funds witnessed $86.3 million in inflows on Thursday and $301.7 million on…
