Bitcoin attracted renewed market attention after U.S. spot Bitcoin ETFs recorded $74.57 million in net inflows on November 4. Fidelity’s FBTC led the activity, while spot Ether ETFs also returned to positive territory after five consecutive sessions of outflows. Meanwhile, crypto analyst Crypto Patel identified a potential cup-and-handle formation on Bitcoin’s chart, projecting a $363,000 target following a confirmed breakout. These developments have brought institutional demand and Bitcoin’s broader technical structure into focus.
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Bitcoin ETF Inflows Recover Amid Institutional Demand
According to SoSoValue, U.S. spot Bitcoin ETFs recorded $74.57 million in net inflows on November 4. Fidelity’s FBTC led the activity with approximately $237 million in inflows. However, BlackRock’s IBIT recorded approximately $201.24 million in withdrawals, highlighting mixed investor activity across major funds.
Source: SoSoValue
The positive reading followed three consecutive sessions of Bitcoin ETF outflows, during which investors withdrew approximately $1.16 billion. Spot Ether ETFs also attracted $53.02 million, ending five consecutive trading days of withdrawals. Combined, both investment products recorded $127.59 million in net inflows, indicating improved institutional activity.
Also Read: Bitcoin ETF Inflows Hit $440.8M Before Binance’s $6.3B Hack
Bitcoin ETF Data Reveals Mixed Institutional Sentiment
The latest figures highlight institutional investment flows as an important indicator of Bitcoin’s market outlook. According to SoSoValue, total net assets across U.S. spot Bitcoin ETFs stood at approximately $102.26 billion, while cumulative net inflows reached $56.54 billion.
However, the difference between Fidelity’s inflows and BlackRock’s withdrawals suggests uneven institutional demand. Further positive ETF sessions could strengthen confidence in Bitcoin, although a single trading session cannot confirm a sustained recovery in investor sentiment.
Bitcoin Price Tests Key Resistance With Breakout Ahead
Bitcoin’s technical structure remains relatively neutral, with the asset facing nearby resistance. At the time of the November 5 assessment, BTC traded around $80,355, while its daily Relative Strength Index (RSI) stood near 50.2.
The immediate resistance sits around $81,128, while support is positioned near $79,746. A sustained move above resistance could strengthen the recovery structure. Conversely, a breakdown in support may increase selling pressure.
Technical indicators remain mixed, with some moving averages and oscillators showing bullish signals while the broader trend remains sideways. Traders are watching whether Bitcoin can attract enough buying pressure to establish a stronger upward move.
Crypto Patel Identifies Bullish Pattern With $363K Target
Crypto analyst Crypto Patel believes Bitcoin could be forming a massive cup-and-handle pattern on its higher-timeframe chart. The formation consists of a rounded recovery followed by a consolidation phase, known as the handle, before a potential breakout.
According to the analyst, the cup has formed while the handle is still developing. A successful breakout above the pattern’s resistance could open the possibility of a move toward $363,000.
Source: Crypto Patel’s X Post
However, the target remains a long-term technical projection rather than an immediate price expectation. Bitcoin must confirm the breakout for the bullish setup to gain credibility. Failure to clear the handle resistance could weaken the pattern.
What Comes Next for BTC?
Bitcoin’s near-term direction will depend on whether institutional inflows continue and buyers overcome the $81,128 resistance level. Additional positive ETF sessions could reinforce institutional demand, while traders will monitor $79,746 for signs of renewed selling pressure.
A confirmed breakout could strengthen Bitcoin’s technical outlook, but Crypto Patel’s $363,000 projection still requires confirmation of the larger cup-and-handle structure. Sustained ETF inflows and a decisive technical breakout remain important conditions for the broader bullish outlook.
Also Read: Bitcoin ETF Inflows Hit $17.07 Million as BTC Price Eyes Bullish Breakout
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Usman Zafar is a News Desk writer at Tronweekly with over five years of experience in cryptocurrency and blockchain journalism. He covers Bitcoin, Ethereum, DeFi, crypto laws and regulation, market activity, Layer 2 scaling solutions, and blockchain-based innovations, focusing on fast-moving developments and official industry updates. Usman previously wrote for BTCread and follows strict verification and editing practices to ensure accurate, timely, and responsible crypto news for a global audience.
