Bitcoin ETFs witness a $15 million resurgence as BTC price achieves highest closing in 10 days.

Bitcoin (BTC) surged above $69,000 on March 25 as bulls regained control of a crucial resistance zone. The BTC/USD 1-hour chart showed that the cryptocurrency achieved its highest daily close in ten days, reaching a 10-day high. The uptick in BTC price strength coincided with the first Wall Street trading session, where it gained up to $4,600 in a single day. The momentum continued even after the market closed, with Bitcoin surpassing the $71,000 mark. Financial commentator Tedtalksmacro noted that the United States spot Bitcoin exchange-traded funds (ETFs) experienced net inflows after several days of outflows. He mentioned that Bitcoin spot ETFs saw a flow of +$15.4 million USD on Monday, with Fidelity contributing $262 million. Despite significant outflows from the Grayscale Bitcoin Trust (GBTC), BTC/USD managed to overcome any obstacles to upside movement. Analyst Matthew Hyland expressed optimism, stating that if this trend continues, there is an increased likelihood of Bitcoin reaching $100,000. He also highlighted that the Daily Relative Strength Index (RSI) values falling below 50 on March 20 were a good signal for the rebound. At the time of writing, the Daily RSI stood just above 60, still below the classic bull market territory above 70. Another analyst, Mark Cullen, acknowledged the presence of gaps in CME Group Bitcoin futures markets, which often act as near-term price targets. He suggested that Bitcoin may fill the lower CME gap and consolidate in a triangle before pushing higher. However, trader Daan Crypto Trades expressed little concern about a potential dip in BTC price, noting that it was the first time in a while where a considerable gap was not immediately closed. It is important to note that this article does not provide investment advice or recommendations, and readers should conduct their own research before making any decisions.