---
title: "Bitcoin Stalls Below $65,000 Amid ETF Flows and CPI Report Anticipation"
url: https://projectchintan.com/article/bitcoin-price-etf-inflows-cpi-data-impact-5d3cv
publisher: Project Chintan
author: Project Chintan Newsroom
section: Business
published: 2026-08-12T13:45:52.384Z
modified: 2026-08-13T19:00:07.383Z
language: en-IN
---

# Bitcoin Stalls Below $65,000 Amid ETF Flows and CPI Report Anticipation

Bitcoin experienced significant ETF inflows but failed to sustain a price above $65,000, now trading below $64,000. Key upcoming events include the US CPI report and potential investor sales.

## Key takeaways

- Bitcoin saw $854 million in ETF inflows but failed to hold above $65,000.
- The cryptocurrency dropped below $64,000 due to upcoming US CPI data and investor actions.
- Key resistance is noted at $65,000-$65,800, with support at $63,500-$63,000.
- Analysts have a price target of $73,700 for Bitcoin if a breakout occurs.

In the first week of August, Bitcoin saw its highest ETF inflows since mid-April, with $854 million entering the market. Despite this, the cryptocurrency briefly surpassed $65,000 on Monday, reaching a daily high of $65,363, but could not maintain the level. By Tuesday, Bitcoin (BTC) fell below $64,000, losing approximately 1.8 percent.

The price movement is attributed more to the week's economic calendar than chart patterns. The US Department of Labor is scheduled to release July's Consumer Price Index (CPI) data on Wednesday at 2:30 PM, with an expected annual rate of 3.4 percent. Additionally, sales by a major corporate investor and fresh outflows from ETFs are contributing factors.

## Key Facts

- Bitcoin experienced inflows of $854 million into US spot ETFs between August 3rd and 7th.
- BlackRock's fund received $694 million of these inflows.
- On August 10th, ETFs saw outflows totaling $145 million.
- One company, Strategy, sold 1,690 Bitcoin worth $108.6 million in the same week.
- Bitcoin was trading around $64,100 on Tuesday, with a Relative Strength Index (RSI) of 55.
- Resistance levels are identified between $65,000 and $65,800, with support at $63,500 and $63,000.
- Analysts have set a target of $73,700 for Bitcoin in the event of a breakout, representing about a 15 percent increase from current levels.

## Background

Earlier in July, a weaker-than-expected jobs report had reduced expectations for further interest rate hikes, with 23,000 jobs lost that month. The current Bitcoin price is approximately 48 percent below its all-time high recorded in October. Despite recent fluctuations, Bitcoin has shown a 3.4 percent gain on a weekly basis.

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Canonical: https://projectchintan.com/article/bitcoin-price-etf-inflows-cpi-data-impact-5d3cv
Reported from: Multiple Sources