CoinScoopBitcoin price faces resistance as ETF inflows moderate
US spot Bitcoin ETFs saw significant inflows of approximately $1 billion on September 21 and 22, but momentum has since faded, leading to sideways price action. Bitcoin faces a wall of sell orders between $85,000 and $85,500, with support identified at the True Market Mean of $77,200. While profit-taking remains light compared to previous market tops, long-term holders have increased their selling activity as of the week ending September 29.
Summaries are written by AI from the original article. Not investment advice.