Why this key Bitcoin price trendline at $100K is back in focus

BlackRock and Fidelity led a rebound in spot Bitcoin ETF inflows on Thursday, as traders shifted their focus to the 50-week EMA at about $100,000.

Key takeaways:

Bitcoin ETFs recorded $240 million in inflows on Thursday, ending a six-day outflow streak.

Bitcoin’s failure to drop below the 50-day EMA suggests strong support in this area.

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