Crypto
Fidelity Bitcoin ETF Sees $17.1M Outflow Amid Fading Momentum
Fidelity's (FBTC) Bitcoin ETF saw a significant outflow of $17.1 million in recent daily flow data.
This comes as BTC currently trades at $79,281.53 within its Bollinger band, with an upper resistance at $80,344.19 and lower support at $78,069.07.
The 4-hour structure remains bullish above the EMA50 at $78,969.18, but the MACD death cross at -151.87 signals fading momentum, despite a Relative Strength Index (RSI) of 51.82.
Institutional desks note that price testing upper band resistance while the death cross persists often precedes a quick retracement toward the 50-EMA before any fresh continuation higher in the BTC price prediction cycle.