BTCUSD

BlackRock's Bitcoin fund received another inflow yesterday. It was $150m. Spot market declines do not disrupt ETF inflows. There was a period in 2022 when ARKK experienced very strong sales and inflows to the fund continued. Afterwards, this fund increased by 80 percent, a detail that supports our idea that the rally will strengthen in the second half of the year for Bitcoin. The highly anticipated Bitcoin halving, which occurs every four years and reduces the speed of creation of new bitcoins by 50%, is expected to occur on April 16, 2024. Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which has broken its 7-day average around 68,000, breaks the 68,000 resistance again, we can see a 70,000 Movement. If sales increase, the 64,000 support is the strongest support. Support: 64000 – 62000 Resistance: 68000 – 70000