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…

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