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Bitcoin Inflows Paint Rosy Picture Amid Price Targets Of $73,000 and $74,000

  • Bitcoin is showing signs of being overbought and may experience a slight pullback or sideways consolidation in the short term.
  • Positive inflows into Bitcoin ETFs, with nearly $500 million entering on Friday alone, may have contributed to the recent price breakout.
  • Bitcoin faces a key resistance level around $68,000, and breaking this level could lead to a longer-term bullish trend and new all-time highs.
  • The RSI indicator suggests limited room for upward movement in the short term, but once it cools down, there may be more potential for further price increases.

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