Bitcoin consolidates near $67k as new investor data shows bull run just getting started

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After climbing back above $67,000 late on Wednesday, Bitcoin has spent the majority of Thursday oscillating around this support level as bulls plan out their next run higher while bears plot to foil any breakout attempt and instead smash BTC price back to the low $60,000 range. “The Bitcoin bull cycle is still far from over, as shown by the relatively low level of new investment flows,” the analysts said.

“CryptoQuant P&L Index is still outside a market top zone and above the index’s 1-year moving average,” the analysts said. The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc.

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