Bitcoin Price Predictions: Bitcoin is testing a key resistance level as momentum improves and ETF flows return:

The price of Bitcoin is testing a key resistance level at $106,455 on Tuesday, and a decisive close above this level could pave the way for further gains.
Bitcoin exchange-traded funds listed in the United States recorded moderate inflows of $1.15 million at the beginning of the week, ending a recent streak of outflows.
Market sentiment is shifting to cautious optimism, with improved momentum, stable capital flows, and signs of a potential local bottom forming around the $100,000 area.
The price of Bitcoin (BTC) has slightly decreased, settling at around $105,000 at the time of writing this report on Tuesday, after testing a key resistance level. A decisive close above this level, which is the main resistance level, may pave the way for further gains for the largest digital currency by market capitalization. On the institutional front, a modest inflow of $1.15 million to Bitcoin exchange-traded funds (ETFs) listed in the U.S. on Monday represents a positive shift after a week of heavy outflows, which could further support Bitcoin's recovery.
Institutional demand records moderate inflows
Institutional demand for Bitcoin shows a decline in selling pressure. According to SoSoValue data, U.S.-listed spot Bitcoin exchange-traded funds recorded a modest inflow of $1.15 million on Monday, ending the recent wave of withdrawals that reached $1.22 billion in the previous week. If this trend of inflows continues, it could provide the momentum needed for Bitcoin to sustain its ongoing price recovery.
Net inflow chart for Bitcoin spot ETFs. Source: SoSoValue
Some signs of optimism
A report from Glassnode released on Monday indicated that the price movement of Bitcoin has begun to stabilize, showing signs of a potential local bottom forming around the support level of $100,000.
The report indicated that the recovery towards $106,000 signals signs of renewed interest from buyers, as the spot trading volume increased from $11.5 billion last week to $14.1 billion on Monday, indicating strong participation from investors and an increase in liquidity. This aligns with a slight improvement in the cumulative volume delta, suggesting a decrease in seller enthusiasm, as shown in the chart below.
Market conditions remain cautious yet positive, with improving momentum, stable flows, and indications of a potential local bottom forming around $100,000. This range between $100,000 and $108,000 may represent a medium-term support base, although the broader overall downward trend in profitability continues to entrench sentiment and limit positive expectations, analysts concluded.