Bitcoin Price Prediction: BTC Open Interest Drops as Bears Hold Control
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Bitcoin struggles to stay above $69K, maintaining a fragile short-term structure after rebounding from $60K. Derivatives open interest sharply declines, indicating market caution and sustained outflows, reinforcing distribution pressure.
- Bitcoin struggles under $69K, limiting recovery despite rebounding from $60K macro support.
- Derivatives open interest dropped sharply, signaling deleveraging and cautious market sentiment.
- Spot flows show sustained outflows, reinforcing distribution pressure and short-term weakness.
Bitcoin continues to trade under pressure after failing to hold gains near the $97,970 swing high, leaving the market in a fragile short-term structure. The 4-hour chart shows a decisive rejection at the top, followed by a deep retracement into the Fibonacci range.
Although price rebounded from the $60,104 macro support, buyers have yet to reclaim key resistance. Consequently, momentum remains limited as BTC hovers around $66,900 to $67,000.
Resistance Levels Cap Recovery Attempts
Bitcoin currently trades below the 0.236 Fibonacci level at $69,040, which now acts as immediate res…
Read The Full Article Bitcoin Price Prediction: BTC Open Interest Drops as Bears Hold Control On Coin Edition.
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Bitcoin Price Prediction: BTC Stabilizes Near $70K as Bernstein Maintains $150K Outlook
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Bitcoin Price Prediction: BTC Open Interest Drops as Bears Hold Control
Share:
Bitcoin struggles to stay above $69K, maintaining a fragile short-term structure after rebounding from $60K. Derivatives open interest sharply declines, indicating market caution and sustained outflows, reinforcing distribution pressure.
- Bitcoin struggles under $69K, limiting recovery despite rebounding from $60K macro support.
- Derivatives open interest dropped sharply, signaling deleveraging and cautious market sentiment.
- Spot flows show sustained outflows, reinforcing distribution pressure and short-term weakness.
Bitcoin continues to trade under pressure after failing to hold gains near the $97,970 swing high, leaving the market in a fragile short-term structure. The 4-hour chart shows a decisive rejection at the top, followed by a deep retracement into the Fibonacci range.
Although price rebounded from the $60,104 macro support, buyers have yet to reclaim key resistance. Consequently, momentum remains limited as BTC hovers around $66,900 to $67,000.
Resistance Levels Cap Recovery Attempts
Bitcoin currently trades below the 0.236 Fibonacci level at $69,040, which now acts as immediate res…
Read The Full Article Bitcoin Price Prediction: BTC Open Interest Drops as Bears Hold Control On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Bitcoin Price Prediction: BTC Stabilizes Near $70K as Bernstein Maintains $150K Outlook