Bitcoin Traders Eye $67K Breakout as Price Stalls at $64,587
Bitcoin's price stability is being closely watched by traders, who are eagerly awaiting a breakout above $64,587. The cryptocurrency has been trading in a narrow range between $63,898 and $64,454, with market capitalization sitting at around $1.33 trillion.
The technical picture suggests that Bitcoin has reclaimed the 20-day EMA at $63,943 and is stalling just beneath the 50-day EMA at $64,587. The 100-day EMA at $67,025 and the 200-day EMA at $72,569 remain above, indicating a corrective medium-term structure.
Recent spot bitcoin ETF inflows have added $170.3 million to the market on August 4, with IBIT drawing in $183.8 million after an outflow of $265.37 million the previous day.