Bitcoin: Institutions Resume Net Buying at $63K
Bitcoin institutions turned net buyers at $63K for the first time since May, with current price at $77167.03 showing bullish EMA structure on 4h chart.
SourceAnalysis
Bitcoin institutions flipped net buyers at $63K for the first time since May, according to Charles Edwards of Capriole. Bitcoin institutional buying at these levels has historically preceded major upside moves.
Price action now sits at $77167.03 inside the Bollinger Bands with the 50-EMA at $69637.68 and 200-EMA at $65751.01 acting as layered support. The MACD golden cross at 3180.14 keeps the broader structure bullish while RSI at 80.69 flashes overbought near upper-band resistance of $81710.26.
With price testing upper Bollinger resistance while RSI signals exhaustion, a healthy retracement toward the 50-EMA support at $69637.68 appears probable before continuation. This setup feeds directly into updated BTC price prediction models and ongoing institutional crypto flows analysis.
Charles Edwards
@caprioleioFounder of Capriole Fund and The Ref.io, leading ventures in the digital asset ecosystem.
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