Bitcoin Price Prediction: BTC ETFs Posted Three Straight Inflows for the First Time Since May
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Bitcoin ETFs recorded three consecutive daily inflows for the first time since May 4–6, ending an eight-week selling run exceeding $8.6 billion with BlackRock’s IBIT leading $54.80M on July 7 and total daily inflows of $21.44M. BTC traded at $62,741.45 on July 8 (−0.92%), pressing the upper trendline of a descending channel after recovering from a June 25 low near $58,000, indicating technical resistance despite renewed ETF-driven funding and adoption; US–Iran strikes that lifted oil 3.3% and the dollar add near-term market risk for crypto.
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- Bitcoin ETFs posted three consecutive daily inflows, the first such streak since May 4-6, ending an 8-week selling run exceeding $8.6B
- BlackRock’s IBIT led with $54.80M on July 7 as total daily inflows hit $21.44M
- US and Iranian forces exchanged fresh strikes overnight, pushing oil up 3.3% and lifting the dollar
Bitcoin trades at $62,741.45 on July 8, down 0.92%, after getting rejected at the top of its descending channel even as ETF inflows turned positive for a third straight session.
Is BTC Getting Rejected At The Channel Top Again?
The daily chart shows BTC inside a descending channel that has broken down three times in 2026, with price currently pressing against the upper trendline after recovering from the June 25 low near $58,000. Analyst Ali Charts flagged the rejection explicitly, noting BTC is getting turned…
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