Bitcoin Hits Key Resistance Level Amid $1.92B Weekly ETF Inflows

Key Insights:

• Bitcoin faces 21- and 50-week EMA resistance despite trading near $77,232.
• U.S. spot Bitcoin ETFs drew $1.92B, their strongest week since October 2025.
• Bitcoin broke its summer range, but 66K–67K remains a possible retest zone.

Bitcoin’s upward momentum is running into a significant technical test after the asset climbed toward $80,000 during a powerful weekly advance. BTC changed hands at $77,231.62, while U.S. spot Bitcoin ETFs pulled in $1.92 billion in weekly net inflows.

This accumulation marked the strongest ETF week since October 2025, when inflows hit $2.71 billion. Nevertheless, analyst Rekt Capital pointed out that Bitcoin continues to encounter resistance near vital long-term moving averages.

Bitcoin Rally Tests Key Weekly Moving Averages

Crypto investor and analyst Rekt Capital noted that Bitcoin has advanced into its 50-week exponential moving average, which is currently serving as a barrier. The analyst stated that Bitcoin must reclaim this threshold as support to reinforce the argument for further gains upward.

Additionally, the analyst highlighted the 21-week EMA as another benchmark that has not yet been technically reclaimed. Historically, both averages have behaved differently through bullish and bearish market cycles, according to his assessment.

A weekly close above the 21-week EMA would represent only the initial phase of confirmation. Rekt Capital explained that the BTC price would subsequently need to successfully retest the level and defend it as support.

Failure to do so could mirror the early 2026 relief rally, which ultimately resumed the broader downtrend. He observed that BTC continues to carve out macro lower highs despite the recent price recovery.

Consequently, the 50-week EMA presents another obstacle now that Bitcoin has pushed past multiple shorter-term resistance barriers.

Rekt Capital emphasized that both weekly averages must convert into support before the macro lower-high pattern is broken. Until that happens, he noted, Bitcoin has not confirmed a fresh macro uptrend. The analyst also pointed out that the current breakout remains technically unverified.

Bitcoin ETF Inflows Reach $1.92 Billion in Five Sessions

While technical hurdles remained central to the discussion, institutional interest expanded via U.S. spot Bitcoin ETFs. These funds accumulated $1.92 billion in net inflows for the week concluding on August 22.

Every single trading day closed with positive net flows, resulting in five uninterrupted sessions of accumulation. This total stands as the highest weekly inflow amount in roughly ten months.

Data from Farside Investors revealed that Monday brought in $297.6 million, followed by $189.3 million on Tuesday and $517.2 million on Wednesday. Thursday generated the peak daily volume at $606.3 million, and Friday contributed an additional $307.5 million.

BlackRock’s IBIT secured $503 million on its best-performing day of the week. Fidelity’s FBTC, Bitwise’s BITB, and ARK 21Shares’ ARKB also added to the weekly sum.

Simultaneously, the BTC price rally coincided with roughly 25% price gains across the same weekly timeframe. Figures from SoSoValue indicated that total assets under management for U.S. spot Bitcoin ETFs climbed to roughly $96 billion.

Meanwhile, ETH as its native asset.">Ethereum spot ETFs brought in roughly $697 million in inflows over the same week. Even with the strong showing, the latest Bitcoin ETF total stayed below the weekly record of $2.71 billion set in October 2025.

$66,000 to $67,000 Area Remains a Retest Zone

Rekt Capital pointed out that Bitcoin has broken out of its summer range and cleared several lower highs throughout recent weeks. The analyst also noted that BTC registered double-digit gains in August 2026, marking a first for a bear market period.

Even so, he designated the $66,000–$67,000 region as a potential post-breakout retest zone. BTC is not strictly required to revisit that band, though the scenario remains a possibility within Rekt’s analytical framework.

Bitcoin also pushed above the 200-week simple moving average during the latest surge. However, Rekt Capital observed that prices continued facing rejection from a separate lower-high resistance region, leading him to conclude that the broader market architecture has not fundamentally shifted yet.

Note: Information shared in this post is for informational purposes only, not financial advice. Crypto markets are volatile and risky. Readers should consult a licensed financial professional before making investment decisions.