10/28 Price Analysis: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

The Bitcoin ETF is seeing solid buying, a sign that traders believe is an indicator that BTC is poised to break out to new highs.

Bitcoin (BTC) started the week on a positive note as buyers pushed the price above the indirect resistance level of $69,000. This is a sign that the upward movement is here to stay.

One of the reasons for Bitcoin’s strong performance was solid buying by the U.S. Bitcoin exchange-traded fund. Bitcoin analyst Alessandro Ottaviani wrote in a post on X that Bitcoin ETFs have seen $3 billion in inflows over the past two weeks.

In addition to ETF purchases, the US election and the Federal Reserve’s interest rate decision are likely to serve as important triggers for the cryptocurrency market in November.

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