Bitcoin Price Prediction: BTC Cup and Handle Targets $70K as ETF Inflows Cross $626M This Week

• BTC trades at $64,742 on August 6, up 0.2%, breaking out of a cup and handle with RSI flipping above 50
• Spot Bitcoin ETFs logged $626M in weekly inflows through three sessions, the strongest week since early May
• Analyst Ali Martinez flagged the same Net Capital Flow signal that preceded BTC’s run from $15,000 to $126,000

Bitcoin is breaking out of a textbook cup and handle at $64,742 on August 6, with spot ETFs already logging their best week since May and a cycle bottom signal flashing on Net Capital Flows.

BTC Breaks the Cup and Handle With RSI Above 50

The daily chart shows BTC completing a cup and handle pattern that formed between the June low near $57,700 and the August recovery. The cup base formed through June and early July, price recovered to retest the neckline near $65,000, pulled back to form the handle betw…

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