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BITCOIN
📈 Bitcoin Can Go Parabolic 

Word On The Street: Bitcoin appears poised to confirm its “parabolic phase” if BTC/USD can deliver a weekly close above the pivotal $71,500 mark.

The details:

• Following nearly eight months of consolidation after reaching old highs in March, Bitcoin’s price reset could now act as a launchpad for a robust bull run.

• CryptoQuant reveals substantial stablecoin inflows to cryptocurrency exchanges, traditionally a bullish indicator signaling renewed buying power.

• A significant $9.3 billion in ERC-20 stablecoins flowed into exchanges on November 6, marking the second-largest stablecoin influx recorded to date.

Why it matters: With expectations high and technical indicators aligning, Bitcoin’s journey toward six figures looks increasingly within reach.

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