BTC Eyes Higher Levels After $81K Breakout and Strong ETF Inflows
- Bitcoin climbed above $81,000 as rate hike fears eased and ETF demand strengthened.
- Spot Bitcoin ETFs recorded $730.9 million in net inflows, marking an eight-month high.
- Analysts identify $83,000 as key resistance, with $82,300 potentially separating bullish and bearish trends.
Bitcoin โ BTC, has pushed above $81,000 as rate hike fears continue losing steam. BTC climbed 4.3% to $81,069 on Friday. The move extends a rebound that has reached three straight weeks. Strong ETF demand has added fresh fuel to the recovery. Investors now await another test above $82,000. Meanwhile, analysts see $83,000 as the next major resistance zone. A break above that level could strengthen Bitcoinโs bullish outlook.
Easing Rate Fears Give Bitcoin More Room
Bitcoin briefly climbed above $82,000 during the previous session. That marked the highest level seen in nearly four months. Fridayโs move followed growing confidence around U.S. monetary policy. Federal Reserve Governor Christopher Waller helped drive that shift with recent comments. Waller told Reuters that he favors keeping rates steady. His view depends partly on cooling inflation data. His comments quickly pressured the U.S. Treasury yields lower.
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