Bitcoin outlook for the rest of August
BTC is currently around the $64K–$65K area, after recovering from the ~$60K–$63K zone. There are signs of improving demand, including renewed spot ETF inflows; one recent week saw about $853 million of net ETF inflows, the strongest weekly inflow since April.
But I would not call this a confirmed bull-market reversal yet.
The important levels I would watch are:
BTC level
My interpretation
$60,000–$62,000
Major support
$63,000–$64,000
Short-term support
$65,500–$66,500
First major resistance
$69,000–$70,000
Critical breakout zone
$73,000–$75,000
Bullish continuation target
$78,000–$80,000
#Bticoin $BTC
BTC is currently around the $64K–$65K area, after recovering from the ~$60K–$63K zone. There are signs of improving demand, including renewed spot ETF inflows; one recent week saw about $853 million of net ETF inflows, the strongest weekly inflow since April.
But I would not call this a confirmed bull-market reversal yet.
The important levels I would watch are:
BTC level
My interpretation
$60,000–$62,000
Major support
$63,000–$64,000
Short-term support
$65,500–$66,500
First major resistance
$69,000–$70,000
Critical breakout zone
$73,000–$75,000
Bullish continuation target
$78,000–$80,000
#Bticoin $BTC