Bitcoin Price Prediction: BTC Faces Pressure as Open Interest Climbs and Price Weakens
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- Bitcoin nears critical Fib support as sellers dominate while volatility expands.
- Rising leverage and strong open interest highlight speculative pressure on BTC now.
- Persistent ETF outflows signal heavy institutional caution as price weakens further.
Bitcoin continued to slide toward the lower end of its current trading range as sellers maintained control across major timeframes. The market is trading near $97,300, and price action reflects a steady decline since losing the mid-range structure earlier this month.
The broader setup now shows Bitcoin defending a crucial Fibonacci zone, while traders weigh weakening demand signals, rising leverage, and persistent ETF outflows. The overall landscape shows tightening conditions as volatility expands and buyers struggle to regain momentum.
Price Stalls Near a Key Technical Floor
Bitcoin is hovering above the $98,953…
Read The Full Article Bitcoin Price Prediction: BTC Faces Pressure as Open Interest Climbs and Price Weakens On Coin Edition.
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Bitcoin’s selloff is creating the short-heavy setup that could reverse it fast
