Bitcoin Price Prediction: Breakdown Deepens And $98,500 Comes Into Play
- Bitcoin price today trades near $102,436 after losing a multi-month trendline and falling below all major EMAs.
- BlackRock logged $131M in ETF outflows while spot markets show another $25.5M leaving exchanges, signaling distribution.
- A daily close below $100,000 exposes $98,500, with deeper downside risk toward the $92,000 demand zone.
Bitcoin price today trades near $102,436 after breaking below a multi-month trendline, placing immediate pressure on buyers as price retests the critical $100,000 to $98,500 support band.
BlackRock Outflows Add To Pressure As Spot Distribution Continues
Institutional flows tilted bearish again. BlackRock clients withdrew $131 million from its Bitcoin ETF on Friday. The asset manager has seen repeated outflows over recent sessions, signaling shifting appetite for exposure as volatility rises.
Meanwhile, Coing…
Read The Full Article Bitcoin Price Prediction: Breakdown Deepens And $98,500 Comes Into Play On Coin Edition.
Read More
What Next For Bitcoin Price as Strategy Raises STRE Offering to $715M?
Bitcoin Price Prediction: BTC Faces Pressure as Bulls Struggle to Regain Momentum
Bitcoin Price Prediction: Breakdown Deepens And $98,500 Comes Into Play
- Bitcoin price today trades near $102,436 after losing a multi-month trendline and falling below all major EMAs.
- BlackRock logged $131M in ETF outflows while spot markets show another $25.5M leaving exchanges, signaling distribution.
- A daily close below $100,000 exposes $98,500, with deeper downside risk toward the $92,000 demand zone.
Bitcoin price today trades near $102,436 after breaking below a multi-month trendline, placing immediate pressure on buyers as price retests the critical $100,000 to $98,500 support band.
BlackRock Outflows Add To Pressure As Spot Distribution Continues
Institutional flows tilted bearish again. BlackRock clients withdrew $131 million from its Bitcoin ETF on Friday. The asset manager has seen repeated outflows over recent sessions, signaling shifting appetite for exposure as volatility rises.
Meanwhile, Coing…
Read The Full Article Bitcoin Price Prediction: Breakdown Deepens And $98,500 Comes Into Play On Coin Edition.
Read More
What Next For Bitcoin Price as Strategy Raises STRE Offering to $715M?