Bitcoin Price Prediction: BTC Faces Mounting Pressure as Downtrend Deepens
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- Bitcoin faces sustained selling pressure, failing key recovery levels near $102,500.
- BTC spot outflows persist, showing traders reducing exposure amid price weakness.
- Futures open interest remains high, signaling strong participation despite market decline.
Bitcoin continued to weaken on Thursday as sellers held firm across the derivatives and spot markets. The 4-hour chart shows a clear downward structure, with rallies fading quickly and momentum leaning toward lower price levels.
Moreover, traders continued to unwind exposure across several sessions, signaling that confidence has not yet returned. BTC traded near $91,500 during the latest session, leaving the market close to a key support area that has attracted buyers in earlier downturns.
Trend Structure Shows Persistent Pressure
Bitcoin remains in a broad decline that began after the $126,000 peak. The …
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