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BTC/USD: Bearish Outlook as Pennant Pattern Forms
Bitcoin price remained under pressure this week, continuing a downtrend that started in October when it soared to a record high of $126,200. The BTC/USD pair was trading at 64,000 on Wednesday, a few points above this week’s low of 62,915. Bitcoin Retreats as Key Metrics Drop The BTC/USD pair retreated as investors as demand waned. Data compiled by SoSoValue shows that demand for Bitcoin ETFs continued waning this month. The outflows stand at over $1.2 billion this month, continuing a trend that started in November. It shed over $3.4 billion in November, $1.09 billion in December, and $1.61 billion in January this ... (full story)
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