Bitcoin RSI bullish divergence draws 2022 comparisons as analysis weighs new price trend
Bitcoin price analysis eyes the potential end of its current macro downtrend based on weekly RSI signals.
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US spot Bitcoin ETFs added $337.6 million on Monday, extending a six-day inflow streak to $2.26 billion. This sustained institutional demand narrowed year-to-date net outflows to $2.57 billion, bringing cumulative lifetime inflows to $54 billion. Supported by ETF buying, Bitcoin rallied 20% over the week to $80,700, pushing the Crypto Fear & Greed Index to 74. Concurrently, spot Ether and XRP ETFs posted six-day inflows of $812.8 million and $13.8 million.