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#What price tag do you think BTC will touch in this bull circle? #BTC #ATH #ETF
Bitcoin ETF buying spree continues
On a fundamental level, spot Bitcoin ETFs in the United States continue to drive demand for BTC. The BlackRock iShares Bitcoin Trust (IBIT), for example, recorded its highest daily inflow of $788 million on March 5.
Related: Retail interest in BTC returns, boosting spot trading volume
As Cointelegraph reported, Bitcoin's next big target could be around $92,500, based on a mix of technical indicators, both on-chain and fundamental. Notably, Bitcoin charts recently printed a triangle formation that resembles a bullish pennant, widely regarded as a bullish continuation pattern.
Source: cointelegraph