Bitcoin nears $85K resistance amid ETF inflows

Bitcoin is approaching a significant resistance level near $85,000, currently trading around $81,000. This surge is supported by substantial inflows into Bitcoin ETFs, which have maintained a streak of $1.69 billion. Analysts point to favorable macroeconomic conditions as additional tailwinds bolstering the cryptocurrency's ascent. On-chain data from Glassnode indicates that $85,200 represents the next key ceiling for the digital asset, suggesting a potential consolidation or pullback if this level is reached without further fundamental shifts.