🤖AI Summary
Bitcoin has surged above $73,000 for the first time since February, driven by strong ETF inflows of $789 million this week and thin on-chain resistance. Analyst Ali Martinez suggests the rally could extend toward $84,000 due to limited supply concentration between current levels and that target.
Key Takeaways
- →Bitcoin climbed above $73,000, marking its highest level since early February with a 7% surge to $73,200.
- →ETF inflows reached $789 million just this week and $776 million last week, showing sustained institutional demand.
- →On-chain data reveals thin resistance between $72,000 and $81,000, suggesting easier price movement through this zone.
- →The next major resistance levels are identified around $83,307 and $84,569 based on UTXO Realized Price Distribution.
- →Analyst Ali Martinez believes conditions support a potential relief rally toward the $84,000 range.
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#bitcoin#btc#etf-inflows#price-rally#on-chain-analysis#resistance-levels#institutional-demand#ali-martinez#relief-rally
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