Key points:
Bitcoin booked a 10% gain in the past week and technical indicators remain bullish going into a new week.
Analysts expect Bitcoin to gain an additional 40% by the end of the year
Select altcoins are showing a positive bias on improving crypto sentiment.
Bitcoin (BTC) rose more than 10% this week as buyers made a strong comeback, pushing the price to the overhead resistance at $95,000. Although buyers are struggling to clear the overhead hurdle, a positive sign is that they have not given up much ground to the bears.
The sharp up move is backed by solid buying in the US spot Bitcoin exchange-traded funds (ETFs), which witnessed inflows of $3.06 billion, according to Farside Investors data. Bloomberg ETF analyst Eric Balchunas said in a post on X that it was really notable to see “HOW FAST the flows can go