Bitcoin Uptrend Bias for the Next Week from 7th to 15th of October 2024 I’m bullish on Bitcoin for the next week based on several key factors: 1. Institutional Inflows: Recent data shows growing interest from institutional players, with consistent inflows into crypto funds, which often precedes upward price action. This suggests strong confidence in Bitcoin’s medium-term growth. 2. Macroeconomic Factors: Ongoing global uncertainty continues to push investors toward Bitcoin as a hedge against inflation and fiat currency risks. Rising inflation, especially in key markets, could drive further demand. 3. Technical Analysis: On the charts, Bitcoin has formed higher lows on the daily time frame, indicating strong buying pressure. Key resistance levels are being tested, and a breakout above $65,000 could trigger momentum buying. 4. Regulatory Clarity: Recent positive news surrounding Bitcoin ETFs and crypto regulation in major economies like the U.S. and Europe is fostering a favorable environment for Bitcoin’s growth. Reduced regulatory uncertainty encourages more long-term investors to enter the market. 5. Market Sentiment: Social and market sentiment data indicate a bullish trend, with more optimistic sentiment from traders and analysts. Fear and Greed indexes also signal rising confidence in continued gains.