Bitcoin Don Soar Pass $125K On Record ETF Inflows, E Dey Eye $200K
Bitcoin price don soar pass $125,000, e get boost from record spot Bitcoin ETF inflows of $5.95 billion inside one week. Institutional buyers—wey include treasury firms wey buy over 6,700 BTC led by Metaplanet—na dem dey drive demand. Exchange reserves don fall reach six-year low as ETFs and businesses dey buy more BTC pass wetin miners dey produce. Macro factors like US government shutdown, new rate-cut expectaions plus weak dollar don add to the bullish sentiment. Technical resistance near $124,000 fit make small short pullback before Bitcoin price go continue to $200,000 target Wey JPMorgan predict for year end.
Bullish
Record ETF inflows and large institution dem buy plenty bitcoins tight for market, e dey boost strong bullish movement. Macro factors like weak dollar, rate cut expectation plus US government wahala dey press price up more. Even though technical resistance around $124K fit cause small small price drop, steady demand plus forecast make price reach $200K before year finish talk say price go continue japa for short and long term.