The post Bitcoin Price Prediction: Institutional Investors Pile In, Where Next For BTC And This New DeFi Token? appeared on BitcoinEthereumNews.com.

Last week, Bitcoin (BTC) fell a few hundred dollars short of the legendary $100,000 mark and as selling pressure intensified, a pullback followed shortly after. However, institutional interest continues to rise, a spot BTC ETF inflows are recording record numbers. Meanwhile, Cutoshi is carving out its own niche in the meme coin space thanks to its state-of-the-art DeFi platform. Over $1 million has been raised in record time during the ongoing presale of the $CUTO token. Bitcoin Is In The Middle Of A Correction, But Sentiment Is Overwhelmingly Bullish. Bitcoin’s legendary run from $70 to an all-time high of $99,655 took just a few weeks to unfold. As the entire crypto world held its breath, Bitcoin began showing signs of weakness as a mammoth sell wall at $100k barred it from reaching the promised land. Bitcoin has been on a mini-downtrend since, as it retraced most of its weekly gains. Today, Bitcoin (BTC) sells for $93,490 with a slight 1.5% rebound from the lows. Trading volume has taken a 20% hit. Bitcoin started cooling off, with about $77.3 billion worth of BTC traded on exchanges. In the grand scheme of things, this pullback seems like nothing but a blip on the radar, as Bitcoin’s bullish price structure is intact on the macro level. Historically, December has almost always been a green month for Bitcoin, meaning that before the end of the year, the prayers of BTC holders could be answered. Enterprises are taking advantage of this dip as Bitcoin ETFs have hit a record $3.1 billion in weekly inflows between the 18th and 22nd of November. This signals growing enthusiasm among institutional and retail investors, suggesting that a successful run to the coveted $100k level is just a matter of time. As Bitcoin continues to make headlines, Cutoshi is also…

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Filed under: News - @ November 28, 2024 7:19 am