Bitcoin Stuck Near $65,000 Amid Technical Resistance and Slowing ETF Inflows

Bitcoin's price remains stuck near $65,000 due to strong technical resistance levels.

The cryptocurrency is currently consolidating above this level and is below its key moving averages, making the short-term outlook uncertain.

Institutional demand from spot Bitcoin exchange-traded funds (ETFs) continues to support the market by providing a consistent source of buying power.

However, ETF inflows have slowed down compared to earlier in the cycle, and this slower pace has not been enough to absorb all the supply available at higher prices.