Bitcoin Price Prediction: Can BTC Reverse Downtrend as ETF Flows Fluctuate?
TradingKey - As of July 30, Eastern Time, Bitcoin (BTC) was trading near $64,500, extending its rebound from the previous two trading sessions. Bitcoin recently bounced back from a periodic low of $57,800 in early July and briefly approached $67,000, but upward momentum subsequently weakened, and it is currently fluctuating within the $63,000 to $65,000 range. Overall, short-term sentiment for Bitcoin has significantly improved compared to late June. However, volatile ETF capital flows, the Federal Reserve's maintained hawkish stance, and cooling corporate demand for purchases suggest that this rally is currently more characteristic of an oversold rebound rather than the start of a new bull market trend.