Bitcoin Price Prediction Eyes $66,000 As ETF Inflows Return After Rough Week
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On August 18 BTC traded at $64,265.23 (-0.34%), testing the 20‑day EMA and a descending trendline that has capped rallies since May while holding inside a $58,000–$68,700 range since June. Bitcoin ETFs recorded $137.32M of inflows on Monday after a $389.71M net outflow week, and 24‑hour derivatives liquidations hit $75.04M (about $70.57M from short squeezes), creating mixed crypto signals and a cautious near‑term price prediction.
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- 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
- Bitcoin’s 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 week’s 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 desc…
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