Bitcoin faces resistance at $118K, but ETFs may push BTC price higher

Spot Bitcoin ETFs saw $260 million in inflows on Monday, extending a six-day streak that may fuel BTC price to finally break the resistance level at $118,000.

Key takeaways:

Bitcoin’s failure to rise beyond $118,000 points to strong resistance around this area.

Bitcoin ETFs recorded six days of consecutive inflows totaling $2 billion. 

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