Bitcoin Will Explode If Bulls Break The “Fuse” At $72,000
Summary
Bitcoin's price has risen by about 2% in the past 24 hours, surpassing $70,000. Analyst Willy Woo believes it could soar higher after breaking the resistance level at $72,000, potentially reaching $75,000 due to a short squeeze. Institutional inflows into spot Bitcoin ETFs surged on June 4, with significant purchases from Fidelity, BlackRock, Bitwise, and Grayscale. This influx of institutional demand has pushed Bitcoin above $71,500, with prices remaining above $70,000. The Thailand Securities and Exchange Commission approved the country's first spot Bitcoin ETF, accessible to wealthy and institutional investors.
