A few weeks ago, Bitcoin showed some quite interesting signals as the flow of money into BTC ETFs turned positive. After three consecutive weeks of outflows, suddenly about $801 million flowed in, and this could be the start of a major breakout.

Looking at the weekly chart, Bitcoin is near the lower end of a familiar upward channel, and the RSI indicator has just touched the oversold zone. This has happened before strong price recoveries, although not always. Traders are paying attention because when these two signals coincide, the market is often preparing for a big move.

The market is currently compressed within a relatively narrow range, with high liquidity around the $67,000 to $68,000 zone. The $67,078 level is considered key — if this level is broken, it could trigger a breakout targeting $68,150. Below, the $66,360 and $66,800 levels are support points to watch if the price reverses.

Interestingly, liquidation maps show that if Bitcoin surges to $67,482, about $20.5 million in short positions could be liquidated, potentially creating a domino effect. But it’s also important to remember that liquidity operates in both directions, so the price could also be rejected at these levels. Everything depends on whether ETF money flow continues to be positive.