{"id":45622,"date":"2025-05-04T02:17:17","date_gmt":"2025-05-04T05:17:17","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2025\/05\/04\/bitcoin-btc-slips-as-arizona-vetoes-state-reserve-bill-blackrock-etf-flows-impress\/"},"modified":"2025-05-04T02:17:17","modified_gmt":"2025-05-04T05:17:17","slug":"bitcoin-btc-slips-as-arizona-vetoes-state-reserve-bill-blackrock-etf-flows-impress","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2025\/05\/04\/bitcoin-btc-slips-as-arizona-vetoes-state-reserve-bill-blackrock-etf-flows-impress\/","title":{"rendered":"Bitcoin (BTC) Slips as Arizona Vetoes State Reserve Bill, BlackRock ETF Flows Impress"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Nate Geraci, ETF President Store, shared the top weekly inflows and outflows across the ETF space. Notably, IBIT ranked second behind the Vanguard S&amp;P 500 ETF, which had weekly net inflows of $3,597 million. Geraci added:<\/p>\n<blockquote>\n<p>\u201cNow 14 straight days of inflows for iShares Bitcoin ETF\u2026 $4+ bil total. IBIT in top 10 of all ETFs by inflows this year (out of nearly 4,200 ETFs).\u201d<\/p>\n<\/blockquote>\n<p>BlackRock\u2019s net inflows of $43,681 million since launch underscores the importance of major ETF issuers\u2019 presence in the crypto ETF space.<\/p>\n<h2 id=\"btc-price-outlook-key-drivers\">BTC Price Outlook: Key Drivers<\/h2>\n<p>Several key catalysts will influence BTC\u2019s near-term trajectory:<\/p>\n<ul class=\"small-bullet-points\">\n<li>Global trade risks: US-China trade developments could influence risk sentiment, including demand for BTC and the broader crypto market.<\/li>\n<li>Macroeconomic indicators: US economic data could dictate recession concerns and influence the Fed rate path.<\/li>\n<li>The Bitcoin Act: Progress on the Bitcoin Act could fuel demand.<\/li>\n<li>US BTC-spot ETF market flows: Spot ETF flow trends remain a critical barometer of market sentiment and price trends.<\/li>\n<\/ul>\n<p>Key BTC Price Scenarios include:<\/p>\n<ul class=\"small-bullet-points\">\n<li><strong>Bullish Scenario<\/strong>: Easing trade tensions, rising Fed rate cut bets, legislative progress on the Bitcoin Act, and continued ETF inflows may drive BTC toward $100,000.<\/li>\n<li><strong>Bearish Scenario<\/strong>: Escalating trade tensions, a hawkish Fed, legislative gridlock, or ETF outflows could drag BTC toward $80,000.<\/li>\n<\/ul>\n<p>For ongoing insights into macro trends, regulation, and ETF data, follow our analysis <a href=\"https:\/\/www.fxempire.com\/forecasts\/cryptocurrencies\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/p>\n<h2 id=\"technical-analysis\">Technical Analysis<\/h2>\n<h2 id=\"bitcoin-analysis\">Bitcoin Analysis<\/h2>\n<p>BTC\u00a0trades above the 50-day and the 200-day Exponential Moving Averages\u00a0(<a href=\"https:\/\/www.fxempire.com\/education\/article\/the-complete-guide-to-trend-following-indicators-708117\" target=\"_blank\" rel=\"noopener noreferrer\">EMA<\/a>), affirming bullish momentum.<\/p>\n<ul class=\"small-bullet-points\">\n<li>Upside Target: A break above the May 2 high of $97,997 could pave the way to $100,000. A decisive move past $100,000 may enable the bulls to target the all-time high of $109,312.<\/li>\n<li>Downside Risk: A drop below $95,000 could bring the $90,742 support level into play. Increasing selling pressure could expose the 50-day EMA and potentially the $86,263 support level.<\/li>\n<\/ul>\n<p>The 14-day Relative Strength Index (RSI) at 66.43 suggests BTC could climb toward the record high of $109,312 before entering overbought territory (RSI &gt; 70).<\/p>\n<figure id=\"attachment_1516148\" aria-describedby=\"caption-attachment-1516148\" class=\"wp-caption alignnone\"\/><\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Nate Geraci, ETF President Store, shared the top weekly inflows and outflows across the ETF space. Notably, IBIT ranked second behind the Vanguard S&amp;P 500 ETF, which had weekly net inflows of $3,597 million. Geraci added: \u201cNow 14 straight days of inflows for iShares Bitcoin ETF\u2026 $4+ bil total. IBIT in top 10 of all ETFs by inflows this year (out of nearly 4,200 ETFs).\u201d BlackRock\u2019s net inflows of $43,681 million since launch underscores the importance of major ETF issuers\u2019 presence in the crypto ETF space. BTC Price Outlook: Key Drivers Several key catalysts will influence BTC\u2019s near-term trajectory: Global trade risks: US-China trade developments could influence risk sentiment, including demand for BTC and the broader crypto market. Macroeconomic indicators: US economic data could dictate recession concerns and influence the Fed rate path. The Bitcoin Act: Progress on the Bitcoin Act could fuel demand. US BTC-spot ETF market flows: Spot ETF flow trends remain a critical barometer of market sentiment and price trends. Key BTC Price Scenarios include: Bullish Scenario: Easing trade tensions, rising Fed rate cut bets, legislative progress on the Bitcoin Act, and continued ETF inflows may drive BTC toward $100,000. Bearish Scenario: Escalating trade tensions, a hawkish Fed, legislative gridlock, or ETF outflows could drag BTC toward $80,000. For ongoing insights into macro trends, regulation, and ETF data, follow our analysis here. Technical Analysis Bitcoin Analysis BTC\u00a0trades above the 50-day and the 200-day Exponential Moving Averages\u00a0(EMA), affirming bullish momentum. Upside Target: A break above the May 2 high of $97,997 could pave the way to $100,000. A decisive move past $100,000 may enable the bulls to target the all-time high of $109,312. Downside Risk: A drop below $95,000 could bring the $90,742 support level into play. Increasing selling pressure could expose the 50-day EMA and potentially the $86,263 support level. The 14-day Relative Strength Index (RSI) at 66.43 suggests BTC could climb toward the record high of $109,312 before entering overbought territory (RSI &gt; 70). [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":45623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-45622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/45622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=45622"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/45622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/45623"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=45622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=45622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=45622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}