The post Bitcoin Price Targets During the Upcoming Halving appeared first on Coinpedia Fintech News

Bitcoin (BTC) price has consolidated between $51,300 and $52,800 since Thursday last week. The flagship coin has been flashing short-term reversal despite the heightened cash inflows to spot Bitcoin exchange-traded funds (ETFs) in the United States. Furthermore, the four-hour BTC/USD pair has gradually formed a triple top coupled with a bearish divergence on the Relative Strength Index (RSI). 

Spot Bitcoin ETF Boiling Pressure

Notably, the Bitcoin inflows into accumulation addresses have reached an all-time high of 25,300, according to market data from CryptoQuant. Amid the heightened demand for Bitcoin products from institutional investors, VanEck’s HODL experienced a 14x jump in daily average trading volume to around $300 million. The WisdomTree Bitcoin Fund (BTCW) experienced a 12x gain in daily trading volume in the past 24 hours to around $154 million. 

BTC Price Targets Amid Upcoming Halving

#Bitcoin forming a massive Inverse H&S pattern