Bitcoin Struggles to Break Through $65K Ceiling

Bitcoin is currently trading near $64,206 as the asset faces stiff resistance at the $65,000 level. Even with consistent buying pressure from spot exchange traded funds, the price has failed to gain enough momentum to push higher.

Institutional demand remains a bright spot for the market. Spot ETFs attracted $763.6 million in new capital over the past four trading sessions. This steady influx of funds shows that investors are still interested in adding to their positions despite the current price stagnation.

Traders are now looking toward upcoming U.S. jobs reports to determine the next major move for the market. A successful breakout above $67,000 is the next key milestone that many analysts are watching to confirm a shift toward a more bullish trend.