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Bitcoin Forecast: BTC shows weakness again and approaches 75k

From forex.com

Weaknesses have once again become the main driver in recent BTC price action. For now, the cryptocurrency has struggled to sustain consistent short-term demand and is posting a decline of nearly 2.00% during the session, moving back toward the 75k area. This dynamic reflects the risk of a relevant selling bias, mainly driven by a loss of market appetite. Significant outflows from Bitcoin ETFs and a decline in open positions suggest that demand for Bitcoin has started to weaken, possibly due to position liquidations and a macroeconomic environment that remains unfavorable for risk assets. As long as this behavior ... (full story)

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  • Category: Technical Analysis