Bullbit
Cryptocurrency
Bitcoin floor ‘near $70K’ as TradFi returns: Will war, inflation break their belief?
- What: Bitcoin's mass adoption by institutional investors has resumed.
- Why: Global instability and the risk of rising US inflation are putting a lid on BTC’s breakouts.
- Signal: A Bitcoin floor near $70K indicates a strong level of support.
- Target: BTC may struggle to break above $70,000 due to economic uncertainty.
- Risk: Rising US inflation poses a significant risk to investor confidence in Bitcoin.