Bitcoin stuck near $82,647 as hot inflation and ETF outflows block $85,000 breakout
- —Bitcoin holds above its 50-day EMA at $80,607 and 200-day EMA at $76,034
- —Trendline resistance sits near $83,823, with $85,000 the next barrier
- —Bitcoin ETFs posted $228 million in weekly outflows, a second straight negative week
- —Ethereum ETFs lost $319 million; XRP funds saw $1.84 million in outflows
Why it matters: A break above $85,000 would confirm buyers are back, but sticky inflation and weak ETF demand cap the upside.
Source: Invezz