Bitcoin Price Predicted to Hit New All-Time High This Week Amid Growing Institutional Interest
• Bitcoin (BTC) price will reach an all-time high before this week ends, according to analyst Markus Thielen • There is decreasing bitcoin supply on exchanges and inflows into bitcoin investment products • BlackRock launched a bitcoin spot ETF in Brazil last week, volumes in Korea exploded to $8B per day • If Grayscale outflows drop below $100M, bitcoin will make a big move up • The broader crypto market is also bullish, with the CoinDesk 20 Index up 5.5%