🚀 $BTC finds support at $113K as ETFs flow back strongly
Current Price and Technical Structure
Bitcoin is currently trading at $113,814, after fluctuating between $113,665 and $116,997 during the day. Although it suffered a correction from recent highs, the support in the $113K–$114K range continues to hold, forming a base for possible new bullish impulses.
Key Factors
Bitcoin ETFs received $226.7 million in net inflows in the last day, led by FBTC ($106.6M), HODL ($46.4M), and IBIT ($32.5M).
This positive flow comes after several days of outflows, reflecting renewed institutional interest.
Additionally, VanEck estimates that BTC could reach $180,000 by the end of the year, citing ETF backing, favorable policies, and accumulations by major players.
Citigroup emphasizes that demand (how many want to buy BTC) is the main driver of price, and that ETF flows are directly linked to market movements.
Technical Level of the Day
Technical Level Value
Support $113,000–$114,000
Resistance $116,500–$117,000
Critical Zone Stay above $114K to seek $117K–$120K; falling below opens correction towards $110K
Institutional Outlook / Macro View
The return of strong flows to ETFs, along with ambitious projections like VanEck's, reinforces that the institutional narrative remains strong. Citi highlights that every dollar entering via ETF has a significant impact on price, suggesting that BTC is consolidating its position as a key asset for institutional investors.
Will you bet on a rebound towards $120K or do you expect more consolidation first? Share your forecast below 👇
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