Citing from the Bitcoin.com page, there has been a slight increase in the inflow of Bitcoin ETF funds on the US spot market Bitcoin ETF exchange. On Wednesday, US spot bitcoin exchange-traded funds (ETFs) saw a slight increase in positive inflows, collecting a total of $113.5 million on a trading volume of $2.31 billion.

The group of ten spot bitcoin ETFs, excluding Grayscale's Bitcoin Trust GBTC, now covers 507,472.89 BTC or 2.57% of the total circulating supply of 19.67 million bitcoins.

Leading the inflow was Fidelity's FBTC, followed by Blackrock's IBIT. Meanwhile, Grayscale's Bitcoin Trust GBTC experienced small outflows.

Bitcoin technical analysis today

Today's Bitcoin price is $67,901.54, an increase of around 3.24% at the time of writing. The Bitcoin price range in the last 24 hours was traded at the range Low $ 65,103.75 and High $ 69,291.25.

Some investors are still expecting a strong Bitcoin uptrend with a target of $80-$90k.
The market may still be waiting for the momentum of the Bitcoin halving which is estimated to be only 15 days away.

Today the technical summary of indicators and several moving averages in the hourly period by Investing gave a strong sell signal.

On Ticktrader FXOpen the price has formed a bullish candlestick with small shadows below and top candle. Bitcoin price has successfully crossed the middle band line from the downside.

On the daily timeframe, the Bollinger band indicator forms a flat channel with horizontal bands indicating that prices are trading in the range of swing highs and swing lows at the upper and lower bands.

The 50 MA is slightly above the lower band line forming an upward channel, indicating the long-term trend still tends to be bullish. MA is a lagging indicator that provides signals after a trend is formed.

On the other hand, the RSI indicator shows level 52, meaning the price is slightly above the uptrend level.

In the H1 timeframe, Bitcoin price moved below the upper band line and there was a slight correction after rising to the high level of $68276.

Here the Bollinger band appears to be expanding, indicating increasing market volatility.

The 50 MA below the middle band line forms a slight upward channel, an indication that a trend change may occur.

And the RSI indicator is at level 65, meaning the price is moving above the uptrend level.

Support and resistance

S3: 64871.2
S2: 65206.1
S1: 65477.6
PP: 65812.5
S1: 66084
S2: 66418.9
S3: 66690.4

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