As of Thursday, Bitcoin (BTC) hovers around 118,400 USD, with a sideways trading range between 115,000 USD and 120,000 USD amid indecision from traders. Strong institutional demand persists, driven by a substantial inflow into spot Bitcoin ETFs.
US lawmakers recently advanced crucial crypto bills, raising anticipation for their potential impact on BTC’s price. A daily close above 120,000 USD could signal further upward movement, while institutional interest remains significant with nearly 800 million USD inflows recorded.
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