Here’s what bitcoin needs to break above $87,000: Crypto Daily
Summary
Bitcoin and other major cryptocurrencies have traded mostly flat over two weeks despite recent daily weakness. September’s rally was supported by about $2.6 billion in U.S. spot Bitcoin ETF inflows, but demand has since slowed to $241 million last week and $28 million so far this week. Analysts say a sustained return of substantial ETF buying could help push Bitcoin above $87,000, while some investors continue accumulating during dips. Separately, Ether’s ratio against Bitcoin has fallen below the Ichimoku Cloud, suggesting weakening momentum; support is near 0.03059.
