Bitcoin’s monthly chart is showing a potential bullish reversal, while sustained institutional demand is strengthening market sentiment. Continued Bitcoin ETF inflows suggest growing investor confidence and broader appetite for digital assets, supporting expectations of further upside if bullish momentum continues.
At the time of writing, BTC is trading at $79,346.80 with a 24-hour trading volume of $35.49 billion and a market capitalization of $1.59 trillion. Despite the signs of stability over the last 24 hours, the BTC price structure and ETF inflows point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Bithumb Wins Two Court Rulings in Bitcoin Recovery Cases
Bitcoin Price Pattern Signals New ATH Rally
According to the crypto analyst Crypto Patel, Bitcoin’s monthly chart is drawing attention as its current structure begins to resemble a previous market cycle.
After a severe correction, Bitcoin has already staged a meaningful recovery, prompting traders to compare the move with an earlier drawdown that eventually preceded a new all-time high. The similarities have strengthened speculation around another potential cycle reversal.
Source: Crypto Patel’s X Post
The neckline will remain key for the next major move of Bitcoin. Any breakthrough of this resistance could add to the bullish sentiment and put Bitcoin in the range of $150,000-$200,000.
Otherwise, breaking below the first support could make the bullish setup invalid, exposing Bitcoin to further decline towards the $55,000-$45,000 range.
Bitcoin ETFs See $242M Inflows as Demand Rises
The data from Wu Blockchain further highlighted that the U.S.-listed spot Bitcoin ETFs have seen net inflows of $242 million on August 27, marking their ninth successive day of gains.
This development indicates the consistent appetite from investors for Bitcoin exposure through an exchange-traded fund channel despite the turbulence in the market. It also points towards the increasing involvement of institutions in the asset class.
Source: Wu Blockchain’s X Post
Ethereum ETFs witnessed net inflows amounting to $235 million, which also makes the ninth consecutive session of positive inflows.
On the other hand, Solana ETFs recorded net inflows worth $60.91 million, whereas HYPE ETFs witnessed $24.42 million of net inflows. The influx of funds from many different sources suggests that the investor interest is increasing in different cryptocurrencies.
What Happens Next for Bitcoin?
The path ahead for Bitcoin is contingent on a breakthrough through the critical level of neckline on the monthly chart.
Breaking out through that level will enhance the probability of a bull setup and an expectation of hitting an all-time high of between $150,000 and $200,000. The continuous inflow of money into the Bitcoin ETFs can help to boost momentum.
Also Read: Bitcoin Faces 1.05M BTC Supply Test at $83K-$86K
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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