Bitcoin Price Prediction: Coldcard Hack and ETF Outflows Push BTC Below $63K

• Bitcoin fell 1.22% to $62,726 on August 3, trading below all four EMAs with RSI at 44.32 signaling weakening momentum
• Spot Bitcoin ETFs logged a $265.37M daily outflow on July 31, ending three consecutive weeks of net inflows
• A Coldcard firmware flaw drained an estimated $89M in Bitcoin from over 1,200 wallets in 41 minutes on July 30

Bitcoin trades at $62,726 on August 3, down 1.22%, pressing against the $62,000 horizontal support as spot ETFs post their first negative week in a month and a hardware wallet exploit pulls sentiment lower. Price remains below all four EMAs on the daily chart, with RSI sliding under 50 to 44.32, keeping momentum firmly on the side of sellers.

BTC Consolidates Near Range Lows as Every EMA Sits Overhead

The daily chart shows Bitcoin trading inside a broad consolidation range that has containe…

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