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Bitcoin Blasts to New Highs: ETFs Fuel Rally, $135K in Sight?

Over the past week, institutional demand for U. S. spot Bitcoin ETFs surged, as evidenced by a record single-day net inflow of roughly $602–$603 million on July 3, 2025, mostly from major players like Fidelity and BlackRock. Bitcoin spot ETFs saw more than $3 billion in net inflows over the last two weeks, bringing total assets under management to $137 billion. This abrupt increase shows a sharp turnaround from earlier withdrawals and shows renewed confidence in Bitcoin ETF institutions.

 

Technical Analysis: Key Levels to Watch for BTC/USD

BTC/USD breaks significant resistance $112000 and hits a fresh all-time high. It trades above both short-term (34-EMA and 55-EMA) and long-term (200-EMA) moving averages on the 4-hour chart. Minor support is around $108000; breaking below this would drag the pair down to $103000/$10000/$94660/$90000. Immediate resistance is around $112,000, indicating that closing above this level could lead to targets at  $115,000, or even $135,000.

Investment Strategy: Opportunities for Traders

Indicators (4-hour chart).

CCI(500- Bullish

Directional movement index - Bullish

It is good to buy on dips around $108000 with a stop-loss set at $105000 for a TP of $135000.

 

 

 

 

 

 

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