As always, Bitcoin’s latest news continues to dominate the financial landscape, and many are wondering whether BTC can end the week above $108,000. After going back to its current price around $110,000, Bitcoin seems to be regaining strength, especially regarding the U.S. spot Bitcoin ETFs. While some analysts warn that the outflows from this week could still affect bullish sentiment, renewed investor attention suggests the market may be gearing up for a price increase. This optimism has also caused investors to take an interest in projects like Remittix, a fast-rising global remittance project that combines crypto and fiat payments seamlessly.
Bitcoin ETF Flows Show Early Signs Of Recovery
Bitcoin is now recovering from a price drop earlier in the week that sent it to $106,000. The move comes at the same time as renewed interest from investors following a low period for U.S. spot Bitcoin ETFs. Analysts from Bitfinex warn that sustained withdrawals from these ETFs could threaten Bitcoin’s fragile support zone between $107,000 and $108,000, especially if accumulation from institutional investors remains weak. Net outflows from October 13 to October 17 totaled roughly $1.23 billion, a striking figure that reflected how cautious large players have become after President Donald Trump’s tariff announcement earlier this month.
Despite earlier weakness, signs of recovery are emerging. On October 23, Bitcoin ETFs recorded moderate net inflows of $20.3 million, reversing the $101.3 million outflow from the previous day. Analysts interpret these fluctuations as the early stages of stabilization, where analysts and investors are moving from fear to cautious optimism.
The $108,000 support has become a psychological battleground for traders. If it can’t stay above this price, BTC could fall to $105,000 or even $100,000. On the other hand, ending the week above this price would reinforce the bullish structure that began forming last week. The RSI, currently hovering around 43 and climbing, shows that investors are back to buying and that market confidence is growing.
Source: TradingView
Volatility Returns As CPI Data And Global Events Loom
The price of Bitcoin this week has been indicative of how the crypto market is performing following the recent crash. The token had reached $111,000 earlier in the day and then shot to $112,000 after the U.S. CPI report was revealed. This price did not last long, and Bitcoin returned to its present value.
Technical analysts now see $112,000 as the price that Bitcoin has to pass before it can experience its next price increase. Passing that price could help it reach $115,800. For now, all the signs are very bullish, but traders are paying close attention. As long as the token’s price stays above $108,000 by the end of this week, there is a potential for it to reach $113,000 and higher.
Bitcoin’s Momentum is Rubbing Off on Remittix
While the latest Bitcoin news continues to dominate headlines, its momentum is rubbing off on Remittix (RTX), a project that aims to change the world of payments. The project has raised $27.7 million and sold 681 million tokens so far, making it a top PayFi ecosystem. The platform focuses on simplifying international payments, reducing costs, and improving transaction speeds. By combining the usefulness of its features with real-world application, Remittix is becoming one of the few projects that can drive tangible adoption beyond speculation across the world.
Here’s What the Future Holds
The latest Bitcoin news shows how promising the current market environment is. If Bitcoin can end this week with a price above $108,000, it could spark really high price increases in November. And while traders pay attention to the crypto giant’s price, projects like Remittix are quietly proving that blockchain’s next revolution might just come from a project that no one expects.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
