Bitcoin Stands Firm Above $63,500 Amid ETF Inflows and Easing Tensions

Bitcoin holds its ground above the 200-week Simple Moving Average (SMA) around $63,500 after four consecutive weeks of gains. The Crypto King has benefited from mild inflows into US-listed spot Exchange Traded Funds (ETFs), which recorded a net inflow of $33.79 million last week.

Geopolitical tensions between the US and Iran have eased, with both countries pausing their strikes. This has improved risk appetite and supported Bitcoin's recovery. President Donald Trump has expressed a willingness to give diplomatic negotiations another chance.

Momentum indicators on the weekly chart suggest fading bearish sentiment. The Relative Strength Index (RSI) is trending higher toward the neutral 50 level, while the Moving Average Convergence Divergence (MACD) flipped to a bullish crossover last week.