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Bitcoin Rebounds as ETF Inflows Fuel the Rally

Technical Analysis
By Mostafa Mahmoud
Bitcoin Rebounds as ETF Inflows Fuel the Rally
0 11

BTCUSD

بيتكوين 21-7-2026

Bitcoin is trading below the $66800 resistance level, and prices are expected to break above it and target $71250, with this scenario invalidated if the $62300 support level is broken to the downside during today’s trading.

Support

 62300 58900
Resistance 66800

71250

Bitcoin extended its strong recovery, supported by renewed inflows into Spot Bitcoin ETFs, signaling a revival in institutional investor interest in digital assets. Improving risk appetite and stable expectations for U.S. monetary policy also reinforced bullish momentum, pushing the cryptocurrency toward the $66,000 level after a period of volatile trading. The latest ETF data, marking a fifth consecutive session of net positive inflows, reflects growing market confidence and could help sustain the upward trend, provided Bitcoin remains above its current support levels.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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