$BTC

Bitcoin (BTC) prices are currently showing a clear upward movement, having broken through the $118,000 levels in recent days, driven by strong late flows into institutional ETF funds, a weak dollar, and expectations of a U.S. interest rate cut.

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📈 Why is Bitcoin rising now?

1. Massive institutional flows: Spot Bitcoin ETFs saw around $1.18 billion enter in a single day, creating immense buying pressure.

2. Supportive macroeconomic conditions: The weak U.S. dollar and expectations for a U.S. interest rate cut in the third quarter indicate further upward momentum.

3. Positive technical patterns: Technical analysis shows a 'bull flag' pattern breaking out, which could push the price towards $134,000 or more according to some analysts; technical analysis indicates that the movement is not over yet.