I’ve just been tracking the BTC market in recent days and noticed a few quite interesting signals. After 3 straight weeks of withdrawals, ETF inflows turned positive at the end of February with +11.8K—that is a positive signal that traders are paying attention to.



Looking at the weekly chart, BTC’s RSI is once again touching the oversold zone, a scenario that has appeared before major bottoms. The price is retesting the bottom of the rising channel, and this—combined with the positive ETF signal—paints a fairly promising picture for a potential breakout.

From the analysis I’ve seen, liquidity is heavily stacked in the $67,482 and $68,150 area. If BTC breaks out above the $67,078 level, it could trigger a strong jump, liquidating about $20.5 million in short positions. This $67K zone appears to be the key point—if it can break away from this level, the next target will be $68,150.

However, liquidity works in both directions too, so the price could reverse at these levels. The market is now waiting to see whether these signals repeat or not. Be sure to monitor the coming days closely.
BTC-0.2%
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