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Bitcoin remains steady as Ether’s robust performance challenges the $3,000 threshold for the first time in almost two years. According to data from TradingView and Cointelegraph Markets Pro, Bitstamp recorded a BTC price floor of $51,329. The week started off flat for BTC/USD but experienced a dip after the daily close on Feb. 19, recovering later to reach $52,000.

 

 

 

With Wall Street closed on the preceding day due to the President’s Day holiday, no new funds flowed into spot Bitcoin exchange-traded funds (ETFs). These inflows, crucial for market sentiment, have been consistently supporting Bitcoin in recent weeks, creating a positive feedback loop as traders anticipate institutional moves.

 

 

 

Material Indicators, a trading resource, suggested that the long weekend would allow Bitcoin price action to “simmer down a bit” after recent rapid gains. In anticipation of potential bearish trends, another post outlined lower targets.

 

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