BTCUSD today is rebounding toward the $68k area as US spot Bitcoin ETF net inflows return and Nvidia’s strong earnings lift risk appetite. We see BTCUSD holding near $67,500 after a session range of $66,501 to $68,867. Futures face overhead supply at $68,750 to $69,000, while $67,750 and $67,200 to $66,700 supports guide bias. For UK traders, BTCUSD today hinges on whether buyers can absorb supply into the London afternoon and early US session.

Drivers: ETF inflows and Nvidia’s beat

BTCUSD today benefits from a clear pickup in US spot Bitcoin ETF demand. Net inflows reached $507 million on Wednesday, led by BlackRock’s IBIT, signaling renewed institutional interest and tighter available supply. This flow backdrop supports dips and shortens pullbacks, improving depth at key bids. Details on inflows and sentiment shifts were highlighted by Yahoo Finance source.

Nvidia’s earnings beat boosted global risk sentiment, and that lifted crypto beta. When mega-cap tech rallies, correlation-sensitive assets often catch a tailwind, helping BTCUSD today hold gains. This cross-asset impulse adds confidence to buying attempts into resistance zones. Broader momentum and recent price swings were also tracked by Bloomberg source.

Key price levels to watch

Futures consolidate below 68,750 to 69,000, a zone of trapped longs and resting offers. BTCUSD today also printed a spot high at 68,866.86, just beneath this cap. A sustained push and close above 69,000 would tilt momentum bullish and expose 70,000 to 70,500. Failure here keeps a fade-the-rally setup in play for nimble traders.

Initial support sits near 67,750, then a band at 67,200 to 66,700. BTCUSD today turning lower through 66,700 would risk a run toward the Bollinger lower band at 61,045. ATR near 3,728 points to wide intraday swings, so entries near support should use tight invalidation and sized risk. A reclaim of 68,452, the Bollinger mid, steadies tone.

Technical picture for UK traders

RSI at 36.05 sits below neutral, while MACD remains negative, though the histogram has improved. ADX at 48.25 signals a strong trend, so breakouts can extend quickly. BTCUSD today therefore needs confirmation through levels, not headlines. A firm hold above the Bollinger midpoint at 68,452 would support a base. Below 67,200, momentum likely re-accelerates.

Bollinger bands span 61,045 to 75,860, with the Keltner middle near 70,329 acting as stretch resistance. OBV remains weak, and MFI at 41.57 shows only modest dip-buying. BTCUSD today may chop around London lunch before US cash hours decide direction. UK traders can consider smaller clip sizes until a clean break or rejection emerges.

Strategy cues and risk controls

For BTCUSD today, intraday traders can stalk pullbacks toward 67,750 with invalidation under 67,200, aiming for tests of 68,750 to 69,000. A clean push above 69,000 opens 70,000 to 70,500. Below 66,700, bias flips lower, and rallies may be sold back to the breakdown level. Keep stops hard and position sizes modest.

Price sits well below the 50-day average at 79,176.53, so medium-term trend work remains to do. Our system grade is C+ with a HOLD stance, suggesting patience on sizing. BTCUSD today takes its cues from daily ETF flow prints, mega-cap tech leadership, and liquidity around US hours. Stick to levels, use alerts, and avoid chasing spikes.

Final Thoughts

BTCUSD today trades near key inflection points as ETF inflows and Nvidia’s beat improve the backdrop but do not guarantee follow-through. The path higher requires a decisive break above 68,750 to 69,000, ideally with stronger volume and a hold over the Bollinger midpoint at 68,452. On the downside, 67,750 and then 67,200 to 66,700 are the supports that define risk. UK traders can plan around these zones with clear invalidation and disciplined sizing. Watch US spot Bitcoin ETF flow updates and tech market tone into the US session. If flows stay positive and resistance clears, upside extensions could come quickly.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.