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Bitcoin Back Below Key Level - Bearish Risks Building
Following a recovery bounce yesterday, BTC has come back under fresh selling pressure today with the futures market turning back below the $108,855 support. This is a worrying development for Bitcoin bulls. If price closes below the level today, this could pave the way for a furtehr losses with the 4100k mark the clear target for bears. The latest ETF data shows that institutional flows have continued to move out of Bitcoin this week. Despite the bounce yesterday, a further $40 million in net-outflows were seen, marking a fourth consecutive day of ETF outflows for Bitcoin. Monday’s outflows were driven by heavy ... (full story)
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