Bitcoin Stuck in Established Range Despite ETF Inflows

Bitcoin's price is still trading within its established range of $58,000 to $68,700, with the current price at $64,265.23 as of August 18.

The digital currency has been testing the 20-day EMA and a descending trendline that has capped rallies since May, but it's holding strong inside this well-worn range.

On Monday, Bitcoin exchange-traded funds (ETFs) saw $137.32M in inflows after experiencing a net outflow of $389.71M the previous week, indicating mixed signals for the market.

The price prediction remains cautious due to the recent liquidations of $75.04M, with $70.57M coming from short sellers getting squeezed.