Bitcoin price prediction: More losses ahead despite ETF inflows? BTC slips below key resistance

Traders Union
All News
Crypto
Bitcoin slides 0.66% today to $69,510

Highlights

U.S.-listed spot Bitcoin ETFs saw $167.1 million in inflows Monday, reversing an outflow streak and lifting total net inflows above $10 billion.
Institutional investors, led by BlackRock and Fidelity, continue accumulating Bitcoin, with one fund now holding approximately 738,731 BTC.
BTC trades with short-term bullish momentum but faces persistent medium- and long-term bearish pressure, with a 5-day projected range of $62,000–$75,000 and downside risk dominant.

Institutional accumulation absorbs selling as ETF inflows surge

U.S.-listed spot Bitcoin ETFs recorded inflows of $167.1 million on Monday and $167.03 million on March 9, 2025, reversing a brief streak of outflows and bringing total net inflows for these products to over $10 billion since inception. BlackRock's IBIT and Fidelity's FBTC were the primary contributors to these inflows. Strategy made a new acquisition of 17,994 BTC, raising its total holdings to approximately 738,731 BTC. These developments were accompanied by renewed institutional participation and corporate accumulation, though price action has remained under broader selling pressure.

Bullish short-term bias challenged by mixed momentum and resistance

BTC is currently above both the SMA-20 ($67,688.67) and the Ichimoku Kijun ($68,280.14), but trading below the SMA-50 ($73,234.27) and SMA-200 ($94,980.91). This placement suggests a short-term bullish bias, while medium- and long-term outlooks show ongoing downside pressure from sellers. The Kijun level at $68,280.14 is acting as immediate resistance for the current session. Momentum readings indicate generally bearish conditions on the daily timeframe, with the MACD signaling a strong sell and the ADX at 35.43, confirming a robust prevailing trend. RSI remains neutral to slightly bullish (50.81), while the Stoch RSI is also neutral; CCI suggests overbought conditions and BBP is heavily positive, highlighting continued buyer dominance intraday. Despite some bullish undertones from the BBP and short-term price structure, the Awesome Oscillator gives a neutral signal. Today’s price action shows BTC slipping 0.66% from the previous session, without a meaningful gap between the previous close and today’s open, with price now near the low of today’s range; volatility has been moderate and the intraday tone reflects pressure after the open. Momentum and oscillators are giving mixed signals, revealing a clear divergence between short-term buying interest and persistent bearish momentum on higher timeframes.

Downside risk increases as indicators favor continued corrective move

Looking ahead, the expected price range for the next 5 trading days is approximately $62,000 to $75,000, adjusted in line with recent volatility and current levels. The probability of a price increase is very low (less than 20%), making a further decline more likely given persistent bearish signals from the weekly MA-50, RSI, ADX, and MACD. The baseline scenario sees BTC moving within a wide sideways corridor, while a bullish breakout above immediate resistance could trigger a retest of the $75,000 area. Conversely, a bearish break below support may push prices toward the $62,000 — $64,000 zone.

Anton Kharitonov, Analyst at Traders Union, notes that Bitcoin is maintaining a short-term bullish structure above key technical supports but is still pressured by bearish momentum on higher timeframes. He sees that while institutional inflows and ETF activity reflect underlying demand, these positive signals have not overpowered persistent selling pressure and negative technical momentum. The expected range for the coming days remains wide, with a low probability for a significant upward move unless resistance is broken. "Base case remains sideways to lower — unless $73,234.27 is convincingly reclaimed, upside is highly questionable."

Previously it was reported that Bitcoin is trading below its recent all-time high, with analysts observing a cautious trend as price action remains consolidative. Technical indicators highlight potential for further downside toward key support levels, while momentum and macroeconomic factors such as central bank policy and equity markets continue to guide sentiment.

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.