Bitcoin Update

Hey hey,

Bitcoin finally managed to reach the top of the channel again and finally seems to have broken out of it.

The weekly chart provides a better view since we've now had 2 weekly candlesticks close above the upper channel line.

It's clear that price is now consolidating just below the 70k psychological barrier and it seems to be only a matter of time before we're slashing through and continue towards the ATH level.

I have really started to like looking at the BTC ETF flow data to combine it with the technical view and again it adds up to a positive scenario.

Net inflows have increased to a new ATH and have grown by 20% since my last update exactly a month ago in our community.

The coming week will evolve around the elections and I don't expect a significant move until the election outome is clear.

Overall, my picture is bullish but it comes down to the elections this 5th of nov.