Bitcoin Hits $65,000 Mark as April Inflation Decelerates

On May 14th, the top-performing ETFs were Ark Invest, amassing $133 million, followed by Fidelity with $8 million, and Invesco rounding out the top three with $6 million. As buyers engage in a fierce battle for dominance, with the aim of reaching $70,000 by June, Bitcoin has once again taken a bullish stance. At present, the cryptocurrency surpasses three short-term indicators of a bull market, namely the 20-day exponential moving average (EMA), the 50-day EMA, and the 100-day EMA. Supporting the surge of BTC is the relative strength index (RSI), which has entered the overbought zone at a reading of 72. If this indicator continues its upward trajectory, investors can anticipate Bitcoin bridging the gap to $70,000 in the coming two weeks.