“While this is an unpopular narrative, it would be expected to see inflows slow down after prices experience significant intraday volatility,” the report said. “Based on our reversal indicators, a retracement to $59,035 appears more likely, offering better risk-reward entry levels,” which would indicate another 10% drop from current BTC prices.
Related posts
-
Bitcoin Weekend Trading Volumes Plunge To Record Lows
Bitcoin has long been a hallmark of the cryptocurrency markets, thriving on its 24/7 accessibility. Weekend... -
Bitcoin Price Blasts Past $63,000: Top 3 Reasons
Over this past weekend, Bitcoin (BTC) experienced a significant rally, pushing its price above $63,000—an increase... -
Potential Bitcoin (BTC) Price Rebound May Face Resistance at $65K, OnChain Analysis Shows
Notably, the decline has pushed prices well below the widely tracked aggregate cost basis of short-term...