đ„ Bitcoin $BTC Eyes $64K as ETF Inflows Hit Record Highs!
Bitcoin is making headlines again after climbing back above the $62,500 mark on 12 Aug 2025, fueled by record-breaking inflows into U.S.-listed spot Bitcoin ETFs. đ According to Glassnode data, over $1.2 billion flowed into Bitcoin ETFs in just the past week, a clear signal that institutional appetite for $BTC is far from slowing down.
Technical Analysis:
BTC has broken out from a bullish pennant on the 4-hour chart, with the Relative Strength Index (RSI) sitting at 64 â suggesting more room for upside before entering overbought territory. If momentum holds, the next target could be $64,200, a critical psychological and technical resistance. On the downside, $61,200 remains the key support.
Why Itâs Important:
Macroeconomic factors are also adding fuel to the rally. With U.S. inflation cooling and the Federal Reserve hinting at potential rate cuts later this year, investors are flocking to Bitcoin as a hedge against currency devaluation.
Market Mood:
Crypto Twitter is buzzing, and whale activity is surging. Multiple $50M+ $BTC transfers to cold storage were spotted yesterday â a strong sign of long-term holding sentiment. đ
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