Blackrock: IBIT Sees 116.5 Million Inflow
Blackrock IBIT recorded 116.5 million inflow while BTC trades at $65972.93 inside Bollinger bands with EMA50 support at $64824.55.
SourceAnalysis
Blackrock (IBIT) posted a 116.5 million inflow on July 21 as BTC held $65972.93. Price sits inside the Bollinger band with upper resistance at $67034.75 and lower support at $63848.31. The EMA50 at $64824.55 and EMA200 at $63673.41 anchor the bullish structure while MACD golden cross at 509.69 keeps momentum intact and RSI at 58.0 shows room before overbought conditions. With price testing upper Bollinger resistance while RSI remains neutral, a healthy retracement to the 50-EMA support at $64824.55 appears probable before further continuation. Bitcoin ETF flows continue to shape short-term BTC price prediction models amid steady institutional demand.
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