The absence of new buyers and weakening ETF demand are factors likely to keep the Bitcoin price pinned below $93,000 as a bear flag targets $67,000. Bitcoin (BTC) price action has painted bearish continuation patterns on its daily chart, which may propel BTC to new lows, according to analysts.Key takeaways:A sharp decline in spot buying and weakening ETF demand suggests that the upside may be limited.Read more The absence of new buyers and weakening ETF demand are factors likely to keep the Bitcoin price pinned below $93,000 as a bear flag targets $67,000. Bitcoin (BTC) price action has painted bearish continuation patterns on its daily chart, which may propel BTC to new lows, according to analysts.Key takeaways:A sharp decline in spot buying and weakening ETF demand suggests that the upside may be limited.Read more
Bitcoin's ‘bear flag pattern’ targets $67K as BTC spot demand slumps
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The absence of new buyers and weakening ETF demand are factors likely to keep the Bitcoin price pinned below $93,000 as a bear flag targets $67,000.
Bitcoin (BTC) price action has painted bearish continuation patterns on its daily chart, which may propel BTC to new lows, according to analysts.
Key takeaways:
A sharp decline in spot buying and weakening ETF demand suggests that the upside may be limited.
Read more
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