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Bitcoin recovery tests $68,000 resistance as ETFs keep drawing inflows
Bitcoin was reported trading above $65,800 while spot bitcoin ETFs logged a sixth straight day of inflows.
Bitcoin’s rebound is hitting what analysts describe as its next key hurdle, with the market approaching the $68,000 resistance area, according to The Block.
The outlet said bitcoin was holding above $65,800 as spot bitcoin exchange-traded funds continued to attract demand for a sixth consecutive day.
Analysts at Bitfinex highlighted the $68,000 level as the next test for whether the recovery can extend beyond current support.
The story frames the resistance area as a near term decision point for traders watching ETF inflows and price behavior around the $68,000 mark.
Latest closeBitcoin $65,749.44 ▼1.1%