Bitcoin price prediction: Range-bound action ahead as BTC posts 1.37% rise

Traders Union
All News
Crypto
Bitcoin rises 1.37% to $67,788 today

Highlights

MicroStrategy increased its Bitcoin reserves to 717,131 BTC after acquiring an additional 2,486 coins, emphasizing continued institutional accumulation.
US spot Bitcoin ETFs experienced their largest balance drawdown this cycle, yet overall net inflows remain solid, making institutional flows critical for BTC price stability.
Bitcoin trades at $67,788, below key moving averages (MA-20: $70,307.62; MA-50: $82,687.82; MA-200: $99,644.01), with strong weekly indicators forecasting high probability of further weakness and a $64,500–$70,500 short-term range.

Institutional accumulation persists as ETF flows diverge

MicroStrategy has expanded its Bitcoin holdings by acquiring 2,486 additional coins, bringing its total reserve to 717,131 BTC, underscoring ongoing institutional accumulation. Meanwhile, US spot Bitcoin ETFs have seen their largest balance drawdown of the current cycle, even though overall net inflows into these products remain solid. Institutional adoption and flows into spot Bitcoin ETFs are now pivotal for BTC’s price stability, amid shifts in regulatory initiatives and global sentiment.

Bearish momentum dominates despite intraday volatility and resistance

Momentum indicators continue to signal a bearish outlook, as the MACD on the daily chart reflects a strong sell while the ADX confirms a robust downward trend. The RSI and Commodity Channel Index indicate persistent selling pressure, and the Stochastic RSI remains neutral on the daily timeframe. The Bull/Bear Power indicator is deeply in oversold territory, confirming that sellers are currently dominating the intraday action. The Awesome Oscillator is neutral, and with today’s price trading near the upper end of its session range, volatility remains moderate, suggesting some underlying strength toward session highs. Despite this, clear divergence between certain short-term oscillators and the prevailing downside momentum implies that any intraday rebounds are not well supported by the broader trend. Immediate resistance lies at the Ichimoku Kijun level of $75,300.00.

Sideways price outlook prevails as downside risk grows

BTC is expected to trade within a $64,500 – $70,500 price band over the next week, reflecting typical volatility around current levels. The probability of an increase within the next five days is very low, with trend indicators pointing to continued weakness, while the chance of a decline remains high. The baseline scenario is for BTC to trade sideways within this corridor until market direction is clearer. A break above the $75,300 resistance would suggest renewed bullish momentum, whereas a fall below $64,500 opens up the risk of further downside.

Anton Kharitonov, analyst at Traders Union, notes that Bitcoin price action remains under pressure despite institutional interest and ETF inflows. He sees persistent weakness driven by dominance of sellers across all timeframes, with technicals and short-term momentum pointing to a low likelihood of a sustained rebound. Kharitonov remains cautious due to the lack of confirmation from trend indicators and unimpressive intraday recoveries. "Until Bitcoin reclaims the $75,300 resistance, I see little reason to expect a reversal or initiate fresh long positions."

Previously it was reported that Bitcoin has experienced a substantial price pullback from its all-time highs, as it trades well below key moving averages, with momentum indicators like RSI and MACD reflecting persistent weakness. Technical analysts now highlight rising resistance above current levels and note that both structural capital flows and macroeconomic factors appear to be more significant drivers than immediate technological risks.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.