Bitcoin Price Forecast – ETF Inflows and Rising Volume Put $73,820 in Focus

Highlights:

• Bitcoin volume jumps 23% as rising buyer confidence strengthens the case for a rally toward $73,820. 
• Spot Bitcoin ETF inflows hit $224 million, a pointer to renewed institutional demand after weeks of persistent outflows. 
• Softer U.S. economic data and short liquidations fuel Bitcoin’s rebound toward the key $64,307 resistance. 

Bitcoin (BTC) has made a slight uptick in the day, continuing the upside momentum it has sustained in the last few days. When writing, Bitcoin was trading at $62,609.73, up 0.11% in the day. While the price is making marginal gains, Bitcoin trading volumes have shot up 22.85% in the day to stand at $21.02 billion.  The surge in trading volume indicates that buyer confidence is rising and that Bitcoin could be headed higher in the short- to medium-term.

Bitcoin ETFs Start to Record Inflows Again

One of them is the fact that investor interest in Bitcoin ETFs is on the rise again. One of the key factors that drove the recent Bitcoin correction was the outflow from ETFs. This is changing. Over the weekend, Bitcoin ETFs saw inflows of $224 million. The change in directional flow in Bitcoin ETFs is consequential to the price in two ways.

First, it is driving back institutional demand, giving Bitcoin much-needed momentum above a critical support level. Secondly, it could give retail capital confidence that the Bitcoin selloff is over. Such could trigger FOMO that could see Bitcoin rally back to prices above $70k in the short to medium term. 

Bitcoin ETFs have finally broken the streak.

After 10 consecutive days of outflows, we've just seen over $220 million flow back into spot Bitcoin ETFs.

One day doesn't change the trend.

But it's definitely the first sign I've seen in a while that institutional sentiment could… pic.twitter.com/ikarVQaYbs

— That Martini Guy ₿ (@MartiniGuyYT) July 4, 2026

Macro Environment Favours More Upside for Bitcoin Price

Bitcoin is also getting a boost as the macro environment improves. The most recent data from the US shows a softening in the economy. The jobs data recently came out weaker than expected. The impact of such numbers is that it could curtail the Federal Reserve from raising rates, even if it does not pivot to cutting immediately. The ray of hope from the macro front is also confirmed by the Federal Reserve chairman’s recent remarks suggesting a possible softening in US inflation. 

Full-time jobs in the US are falling at a concerning rate:

Full-time employment dropped -514,000 in June, to 133.66 million, the lowest since December 2024.

This marks the 3rd consecutive monthly decline, totaling -1.01 million.

Since January 2025, full-time employment has… pic.twitter.com/liQ4lvXfRo

— The Kobeissi Letter (@KobeissiLetter) July 4, 2026

All these point to a possible rate cut later in 2026, or at some point in 2027. The impact is that investors are likely to pivot more towards risk-on assets going into the foreseeable future.

Bitcoin already has an advantage in the sense that it appears undervalued relative to other major risk-on asset classes. For context, Bitcoin is trading at multi-month support after the recent correction. By contrast, major stock indices are currently at record highs, significantly lowering the potential for any major gains, regardless of a potential change in policy by the Federal Reserve. 

Shorts Liquidation Pushing Bitcoin Higher

Bitcoin’s rebound is also fueled by shorts liquidation. When Bitcoin dropped below $60k, there was a lot of speculation that a major drop was coming. This triggered a surge in short selling, with prices targeting as low as $50k. However, now that this has not happened and prices are pushing higher, short sellers are forced to buy Bitcoin to cover their positions. The impact is that it could keep pushing higher in the short term.

Low liquidity weakened pump is here.

Bitcoin just hit $63,000.

ETH is moving towards $1,800.

$208 million shorts liquidated in 24 hours. pic.twitter.com/p893ZloaA9

— Ash Crypto (@AshCrypto) July 4, 2026

Technical Analysis – Bitcoin Price Trending Towards Key Resistance After Rebound

While Bitcoin has made a rebound from the recent lows under $60k, it is not in the clear yet. Bitcoin faces significant resistance at $64,307. A rally through this resistance could send it to $73,820 in the short term.

However, if bulls fail, Bitcoin could drop to the 58,460 support. Of these two scenarios, a rally to $73,820 is more likely. This is due to the changing macro environment and the fact that Bitcoin is undervalued relative to most risk-on assets at the moment.