Bitcoin Price Prediction Eyes $66,000 As ETF Inflows Return After Rough Week
- BTC trades at $64,265.23 on August 18, down 0.34%, testing the 20-day EMA and descending trendline together
- Bitcoin ETFs pulled in $137.32M on Monday, breaking a week that saw $389.71M in net outflows
- Bitcoinโs 24-hour liquidations hit $75.04M, with $70.57M coming from short sellers getting squeezed
The BTC price prediction stays cautious as price grinds inside a well worn range, still capped by a descending trendline that has guided every rally lower since May. ETF flows and derivatives data both flashed mixed signals this week, with a fresh Monday inflow offsetting last weekโs steepest outflow in over a month.
Bitcoin Price Analysis: Trendline Still Overhead as Price Holds the Range
BTC has traded inside a broad range between roughly $58,000 and $68,700 since early June, with price now sitting just below the descโฆ
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