#USCryptoWeek

Bitcoin (BTC) prices are currently showing a clear upward movement, having breached the $118,000 levels in recent days, driven by strong inflows into institutional ETFs, a weakened dollar, and expectations of a reduction in U.S. interest rates.

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📈 Why is Bitcoin rising now?

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

2. Supportive macroeconomic conditions: A weakened U.S. dollar and expectations of 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 achieving a breakout, which could drive the price towards $134,000 or more according to some analysts; and technical analysis suggests that the movement is not over yet.