Crypto
Bitcoin ETF Flows Resume with Little Impact on Price
Bitcoin ETF inflows resumed on September 2, with a positive $101 million recorded. This influx had little impact on the price of BTC, which remained relatively stable.
The price action for Bitcoin is currently testing the upper Bollinger resistance at $79,660.17. The Relative Strength Index (RSI) has reached an overbought territory of 70.94, while the MACD maintains its golden cross at 53.62.
Despite the recent inflows and the price action, the 50-day Exponential Moving Average (EMA) remains a key support level at $77,655.8. This suggests that a measured pullback towards this level is likely before any sustained push reclaims the $79K-$80K zone.