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Bitcoin Price at Risk as Bearish Pennant Pattern Forms
Bitcoin price was stuck in a tight range on Monday, continuing a consolidation phase that has been going on for weeks. The BTC/USD pair was trading at 68,430 on Monday, down sharply from the all-time high of 126,200. Bitcoin is Facing Major Challenges The BTC/USD pair wavered inside a narrow range as the coin continued facing major challenges. For example, data compiled by SoSoValue shows that spot Bitcoin ETFs shed over $315 million in assets, bringing the monthly outflow to over $993 million. These funds have now lost over $6 billion in the past few months, bringing the cumulative total net inflows since their ... (full story)
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