Bitcoin Stuck in Narrow Trading Range Amid Institutional Buying

Bitcoin has been trading in a narrow range around $65,000 as investors wait for a breakout. The cryptocurrency is currently valued at approximately $64,752, up 2.17% over the past seven days.

The recent recovery from early-August lows has brought BTC back toward the $65,000 region, but traders have yet to push it decisively through this resistance zone. Institutional buying and renewed demand from US spot Bitcoin ETFs are providing support for the cryptocurrency.

A sustained move above the current level could open the way toward the next resistance levels around $66,900-$69,000. However, continued rejection around resistance or a broader risk-off move could send Bitcoin back toward $62,000 and potentially $60,000.