Bitcoin could potentially surpass its all-time highs of $74,000 as early as next week due to increasing institutional demand and risk appetite for assets.
Institutional demand and rising appetite for risk assets could cause bitcoin to breach all-time highs of $74,000 as early as next week, some traders say. “A test of the $71K-$74K highs area, in our view, could happen as early as early next week, triggering a new episode of FOMO,” Kuptsikevich.Such bullish outlooks come as U.S.-listed spot exchange-traded funds tracking the asset have logged four straight days of inflows,in net inflows. This is a nearly 180-degree turn from the action of the past few weeks – with some of the biggest ETFs seeing zero inflows on some days.
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