April 18 BTCUSD BingX Chart Analysis and Today's Headline

According to CoinShare, digital asset investment products saw inflows totalling US114m last week, which is seeing continued improving sentiment for the asset class. This 4-week run of inflows now total US345m. During the past 24 hours, Bitcoin has seen a 2.98% decline, hitting an intraday low of 229,240.65. After peaking at 31,000 on April 14, the downward movement suggests that investors are taking profits. However, the gently rising 20-day EMA and the RSI in the positive zone signal a potential advantage for the bulls. If the BTC/USDT pair manages to rebound above the 330,000 level, it could target the 332,000 mark.
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