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BTC/USD: Bearish Pennant Pattern Points to More Downside
Bitcoin price remained in a tight range, where it has been stuck at in the past few weeks. The BTC/USD pair was trading at 87,145 on Tuesday morning, down sharply from the year-to-date high of 126,200. Bitcoin has moved sideways as demand from retail and institutional investors has faded. Data shows that spot Bitcoin ETFs have continued shedding assets this month. The outflows have jumped to over $1 billion this month, a big improvement from last month’s $3.48 billion. Spot Bitcoin ETFs have had a cumulative inflow of $56.62 billion, bringing their net assets to $113.53 billion. These funds had over $65 billion in ... (full story)
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