<ul><li>Bitcoin's moving average convergence divergence (MACD) histogram has turned positive on the weekly chart, indicating potential upward momentum and a new all-time high (ATH) price in sight.</li><li>The positive MACD aligns with other positive macroeconomic developments, including interest rate cuts by the US Federal Reserve, which could further boost Bitcoin's rally in Q4 2024.</li><li>US-based spot Bitcoin exchange-traded funds (ETFs) recorded over $2.1 billion in net inflows for the week, the highest since March 2024 when Bitcoin reached its ATH.</li><li>While institutional investors show interest in Bitcoin ETFs, retail participants remain reluctant due to perceived volatility. Bitcoin currently trades at $68,048.</li></ul>

Bitcoin Key Indicator Turns Bullish As Spot ETFs Record $2.1 Billion Weekly Inflow: New ATH Imminent?

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