Bitcoin Price Prediction: BTC Cup and Handle Targets $70K as ETF Inflows Cross $626M This Week
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Bitcoin traded at $64,742 on August 6 after breaking out of a textbook cup and handle with the RSI flipping above 50, indicating bullish technical momentum. Spot Bitcoin ETFs recorded $626 million in inflows through three sessions—the strongest week since early May—and analyst Ali Martinez flagged a Net Capital Flow signal that previously preceded BTC’s run from $15,000 to $126,000, signaling renewed institutional demand and potential upside for crypto adoption and ETF-driven price pressure.
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- BTC trades at $64,742 on August 6, up 0.2%, breaking out of a cup and handle with RSI flipping above 50
- Spot Bitcoin ETFs logged $626M in weekly inflows through three sessions, the strongest week since early May
- Analyst Ali Martinez flagged the same Net Capital Flow signal that preceded BTC’s run from $15,000 to $126,000
Bitcoin is breaking out of a textbook cup and handle at $64,742 on August 6, with spot ETFs already logging their best week since May and a cycle bottom signal flashing on Net Capital Flows.
BTC Breaks the Cup and Handle With RSI Above 50
The daily chart shows BTC completing a cup and handle pattern that formed between the June low near $57,700 and the August recovery. The cup base formed through June and early July, price recovered to retest the neckline near $65,000, pulled back to form the handle betw…
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