Bitcoin Don Pass $107,700 Because ETF Money Dey Enter, Meanwhile Bitcoin Cash Rally 4.4% Toward $525
Bitcoin (BTC) don climb pass $107,700, up 1.4% for 24 hours due to fresh confident mood wey de come from US Federal Housing Finance Agency rule wey allow crypto as mortgage collateral, strong institutional demand plus 11 days straight wey spot BTC ETF dey collect money. Daily BTC trading volume jump 9% pass $50 billion. Technical charts show say open interest dey rise, funding rates good, plus golden crossover dey happen, with support for 50-day MA at $105,570 and 200-day MA at $96,004. Meanwhile, Bitcoin Cash (BCH) jump 4.38% reach $500.36 as daily volume rise 22% to $635.7 million. On–chain data show say active addresses don increase since June 19 despite transaction small drop on June 21, meaning say people dey accumulate. BCH don break above him ascending channel and dey trade above 20-day SMA at $453, with resistance at $525 and support at $478. Traders suppose watch these levels well as ETF flows, regulatory clarity and on–chain moves dey drive better crypto market confidence for near term.
Bullish
Both Bitcoin and Bitcoin Cash dey experience strong technical breakouts wey institution dem inflows and positive on-chain metrics dey drive. BTC ETF momentum and regulatory clarity dey support sustained upside with key moving-average supports intact, while BCH volume-backed channel breakout and accumulation signals dey point to more gains towards resistance levels. For short term, traders fit use these catalysts for long positions; for longer term, continued ETF adoption and institutional interest fit support broader market bullishness.