BTC reclaims $111K as institutional demand resumes: check forecast

The crypto market has been performing positively since Monday’s low, with Bitcoin now approaching a critical resistance region. Bitcoin, the leading cryptocurrency by market cap, has reclaimed $111k and could rally higher in the near term amid growing institutional demand. Bitcoin ETFs see $332 million in inflows BTC is up 1% in the last 24 hours and is now trading above $111k once again. The positive performance comes after BTC dropped to the $107k region earlier this week. The primary driver behind Bitcoin’s positive performance is the growing institutional demand. Data obtained from SoSoValue revealed that spot bitcoin ETFs saw $332.8 million in net inflows on Tuesday . Date IBIT (BlackRock) FBTC (Fidelity) BITB (Bitwise) ARKB (ARK Invest) BTCO (Invesco) EZBC (Franklin) BRRR (Valkyrie) HODL (VanEck) BTCW (WisdomTree) GBTC (Grayscale) BTC (Grayscale Mini) Total 25 Aug 25 63.4 65.6 15.2 61.2 0.0 0.0 0.0 6.3 0.0 0.0 7.4 219.1 26 Aug 25 45.3 14.5 9.0 4.1 0.0 0.0 0.0 3.9 0.0 0.0 11.3 88.1 27 Aug 25 50.9 14.7 (3.0) 5.6 6.7 6.5 0.0 0.0 0.0 0.0 0.0 81.4 28 Aug 25 63.7 4.9 25.0 79.8 0.0 0.0 0.0 0.0 0.0 0.0 5.5 178.9 29 Aug 25 24.6 (66.2) 0.0 (72.1) 0.0 0.0 0.0 2.3 0.0 0.0 (15.3) (126.7) 02 Sep 25 72.9 132.7 39.1 71.9 2.2 0.0 0.0 4.7 0.0 0.0 9.3 332.8 Data from Farside Investors. This time around, the inflow was led by Fidelity’s FBTC, which attracted $132.7 million, with BlackRock’s IBIT in second place ($72.8 million). Funds from Grayscale, Ark & 21Shares, Bitwise, VanEck, and Invesco also saw net inflows on Tuesday. The spot Bitcoin ETF inflow was in contrast to spot Ethereum ETFs, which recorded a net outflow of $135.3 million on Tuesday. This could indicate that institutions are no longer converting some of their investments from Bitcoin to Ethereum. Last month, Ethereum ETFs saw a total inflow of $3.87 billion, while Bitcoin ETFs recorded a net outflow of $751 million. However, institutional investors now seem to be rebalancing their portfolios, and this has been a major reason behind BTC’s positive performance over the last two days. Bitcoin aims for further recovery after closing above its 100-day EMA The BTC/USD 4-hour chart remains bearish despite the positive performance over the last 48 hours. BTC began the week positively, recovering from its Monday low after losing 5% of its value last week. Thanks to this positive performance, BTC closed above its 100-day Exponential Moving Average (EMA) at $110,720 on Tuesday, allowing it to reclaim the $111k level a few hours ago. The technical indicators are showing bullish signs, and BTC could reclaim its all-time high price soon if the recovery continues. The RSI of 58 shows that BTC is no longer in a bearish trend, while the MACD lines are also within the bullish zone. If BTC continues its recovery, the current rally could extend towards its next major resistance level at $113k. Surpassing this level could see BTC try to close above the daily resistance at $116,000 over the next few hours or days. However, the RSI needs to stay above 50 for an extended rally, while the MACD lines should also show strong bullish momentum. However, Bitcoin could face a correction as the general trend of the market has not switched bullish on the lower timeframe. If that happens, BTC could dip towards its daily support level at $105,573. This support level should hold, as a failure to do so could see BTC drop below the $100k psychological level. The post BTC reclaims $111K as institutional demand resumes: check forecast appeared first on Invezz