Bitcoin's price surged to levels not seen since July, fueled by positive inflows and optimism around a potential bullish breakout.
Despite ETF inflows, actual demand for Bitcoin has been waning since March, according to Glassnode data.
Technical analysis shows Bitcoin facing resistance at various levels, with support levels identified in case of a price decline.
Robert Kiyosaki, a known Bitcoin enthusiast, predicts a market crash and a potential drop in Bitcoin's price to $5,000.
15-10-2024 13:50 GMT
by Zain Vawda