Bitcoin Price Prediction: Sellers Drive BTC Toward Long-Term Support As $103M Outflows Hit Market
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- Bitcoin trades near $84,200 after losing the 95,900 support cluster and retesting a long-term trendline.
- Spot outflows rose by $103M, extending a month of heavy red prints that erased every rebound.
- BTC now sits above the key $81,000 demand zone as EMAs slope lower and intraday structure favors continuation over reversal.
Bitcoin trades near $84,200 after slicing below the $95,900 support cluster that held for most of the year. The rejection at $116,800 triggered a sharp rotation out of long positions, and sellers have driven the price directly into a long-term trendline that has defined the market.
Spot Outflows Rise As Risk Appetite Weakens
CoinGlass data shows another heavy outflow day, with roughly $103 million exiting exchanges on November 22.
This continues a month of persistent red flows, including several sessions above $200 mil…
Read The Full Article Bitcoin Price Prediction: Sellers Drive BTC Toward Long-Term Support As $103M Outflows Hit Market On Coin Edition.
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Bitcoin Price Prediction: Sellers Drive BTC Toward Long-Term Support As $103M Outflows Hit Market
Share:
- Bitcoin trades near $84,200 after losing the 95,900 support cluster and retesting a long-term trendline.
- Spot outflows rose by $103M, extending a month of heavy red prints that erased every rebound.
- BTC now sits above the key $81,000 demand zone as EMAs slope lower and intraday structure favors continuation over reversal.
Bitcoin trades near $84,200 after slicing below the $95,900 support cluster that held for most of the year. The rejection at $116,800 triggered a sharp rotation out of long positions, and sellers have driven the price directly into a long-term trendline that has defined the market.
Spot Outflows Rise As Risk Appetite Weakens
CoinGlass data shows another heavy outflow day, with roughly $103 million exiting exchanges on November 22.
This continues a month of persistent red flows, including several sessions above $200 mil…
Read The Full Article Bitcoin Price Prediction: Sellers Drive BTC Toward Long-Term Support As $103M Outflows Hit Market On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Coinbase 'Negative Premium' at Widest Level since Q1, Signalling Weak U.S. Demand