1351 ET - Bitcoin ETFs have posted a net inflow of more than $2.3 billion over four consecutive days, with more than $1.7 billion of that reported in the past two days, according to data from Coinglass. Analysts now say the next psychological price level for bitcoin is at $90,000. "We expect the $80,500 or so region to provide the first area of support and then for the $85,000 to 86,500 region to continue acting as resistance until the next range breakout is catalysed," says analysts with Bitfinex in a note. Bitcoin is trading down 2.7% to $83,883.
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