Bitcoin Price Extends Gains Amid Institutional Demand Surge

Bitcoin's price has broken out of its consolidation range, signaling a potential surge in value. According to recent data, US-listed spot Exchange Traded Funds (ETFs) have recorded their third consecutive week of inflows, totaling over $760 million last week.

This influx of institutional demand is bolstering the bullish outlook for Bitcoin's price. As a result, technical analysis suggests that the cryptocurrency could reach a target above $78,000 in the coming days.