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Bitcoin BTC Trades Near $72,000 Following Major Institutional Purchases

  • Bitcoin surged past the $70,000 mark, reaching a three-month high around $72,000.
  • Bitcoin ETF trading volumes hit a record $4.5 billion, with BlackRock's IBIT leading at $3.3 billion.
  • Bhutan transferred $66.5 million in Bitcoin to Binance while retaining $886 million in reserves.
  • Technical analysis suggests a potential peak around $76,600 based on the completion of an ABCD pattern, while the RSI at 73 indicates overbought conditions.

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