Bitcoin Surges Above $78K Amid Ceasefire Extension and Liquidity Boost 🌟
Bitcoin's price rallied to above $78,000 on Wednesday, marking a significant 6% increase for the week. The extension of the US-Iran ceasefire added fuel to its growth, pushing BTC to levels not seen since February.
US-listed spot ETFs recorded a modest inflow of $11.84 million, down from $238.37 million on Tuesday, reflecting ongoing uncertainty around peace talks. Despite this, the market remains bullish, with potential liquidity boosts expected from the US Treasury's buyback plan.
The 4-hour BTC/USD chart indicates strong upside momentum, supported by both technical and fundamental factors. Resistance levels are set at $80,000 and $82,769, while support is near $75,680 and $72,345.
Are you bullish on Bitcoin's potential to reach new highs? 👇