Bitcoin: road to 60k? There's a chance

By KMatt | Blogging Crypto | 28 Nov 2023

A long, constant but also resistant bullish trend and consequently a bullish sentiment.
In the last week, net inflows increased again by approximately $346 million, as CoinShares reports for a total of $1.5 billion in 2023 alone.
A sign that sentiment in the sector has remained positive for weeks or months now in view of the approval of the BTC and ETH Spot ETFs which, thanks to institutional players, would relaunch the sector.

Both Bitcoin and Ethereum are doing quite well, the former recording inflows of around $312 million, the latter $34 million.
Solana confirms itself as the third in terms of inflows and queen of the altcoins with an entry of around 3.5 million dollars. Polkadot and Chainlink are also interesting, recording 0.8 million and 0.6 million dollars respectively.

Could Bitcoin be on the verge of a major uptrend?
It's a possibility, not a certainty obviously.
In fact, in the face of a gradual increase in leveraged position liquidations, according to some analysts including CrediBULL on
Coinbase, for example, reports strong demand especially in the last week which offsets the sales due to the Binance issue.

In conclusion, as always, no one has a magic wand and we don't know with absolute certainty what will happen. These are analyzes and small data that have recently emerged which lead to a positive sentiment.


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