Bitcoin Rebounds After Weekly Low Amid ETF Inflows
- Bitcoin rebounded to near $84,000 after hitting a seven-day low of just over $82,500.
- Spot bitcoin ETFs attracted $2.39 billion in inflows last week, turning the year-to-date flows positive for 2026.
- Key resistance is set at $96,700 and crucial support at $77,000 according to Bitfinex analysts.
- The crypto market saw $398 million in long leveraged positions wiped out in the past day.
- Onchain data indicates significant long-term holder supply between $84,000 and $85,000.
Bitcoin’s price volatility continued as it rebounded from a weekly low amid substantial ETF inflows, marking its best weekly close since January. The influx of funds into spot bitcoin ETFs suggests ongoing investor interest and potential for further price recovery.
With key resistance and support levels identified by analysts, Bitcoin’s ability to maintain its current position could influence future market trends significantly.(Source)
