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Weekly forecast: Bitcoin outlook hinges on Fed signals after weekly decline
Bitcoin’s decline of more than 6% over the past week to below the $90,000 level has triggered a rise in bearish sentiment and expectations of further downside. However, hopes for a rebound remain as geopolitical tensions and macroeconomic risks ease. February is also traditionally a favorable month for BTC, which continues to support bullish sentiment among bitcoin holders. Last week, Bitcoin ETFs recorded a combined outflow of $1.33 billion, while 30-day net inflows into exchange-traded funds turned negative. Investors’ reluctance to take risk was fueled by threats of a new trade war with EU countries over ... (full story)
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