On May 14th, Ark Invest emerged as the top-performing ETFs, amassing $133 million in investments. Fidelity followed closely behind with $8 million, while Invesco secured the third spot with $6 million. With buyers battling it out to gain control and pushing for a $70,000 price target before June, Bitcoin has once again reclaimed its bullish stance. At present, the cryptocurrency surpasses three short-term indicators of a bull market: the 20-day exponential moving average (EMA), the 50-day EMA, and the 100-day EMA. The ascent of BTC is further supported by the relative strength index (RSI) surpassing 72 and entering the overbought zone. Should this indicator continue its upward trajectory, investors can anticipate Bitcoin bridging the gap to $70,000 in the next fortnight.
