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Bitcoin Price Forms a Death Cross Pattern
Bitcoin price held steady above $80,000 after the US released encouraging consumer inflation data. The BTC/USD pair was trading at 83,000, up from the year-to-date low of 76,635. It remains significantly below the year-to-date high of 109,365. Bitcoin has been under pressure in the past few days as demand from investors waned. Data shows that spot Bitcoin ETFs have continued to experience significant outflows in the past few days. They have experienced outflows in the last five consecutive weeks, shedding over $5.2 billion in assets. This trend is a sign that demand has waned as many investors remained in the ... (full story)
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