$1.5 Billion ETF Inflows Could Push Bitcoin Price 4% to New All-Time High

Bitcoin recently hit a new all-time high but briefly declined. It has largely recovered, supported by strong activity in the Bitcoin ETF market. This week, Bitcoin ETFs saw over $1.5 billion in inflows, suggesting institutional investors are confident in Bitcoin's potential. Bitcoin is currently trading around $118,325 and faces resistance at $120,000. If Bitcoin breaks past $120,000 and then $122,000, it could potentially reach a new all-time high, which is about 4% higher than the current price. However, there is a risk of profit-taking, which could cause the price to fall back to $115,000.