Demand rises slow but steady
On the daily chart we can see that we are in an ascending wedge pattern, reaching new ATH every couple of days. Tonight we saw a new price record at 106k USD.
For me that looks like a nice accumulation pattern, slow but steady buys. You can also see that if you look at the ETF inflows of the past weeks below.
So good development, we will probably see higher prices during this week as the Fed is expected to lower rates again which drives liquidity.
My target for this week is 110-115k therefore. What do you expect?
