Bitcoin’s Four-Week Winning Streak Faces Test as Demand Softens
📈 Bitcoin achieved a 1% weekly gain, marking its fourth consecutive week of growth, but showed signs of losing momentum after a midweek reversal.
🏦 Institutional demand remains weak, with CME Bitcoin futures dropping below $6 billion and a notable decline in the Coinbase Premium Index, indicating limited buying pressure despite recent ETF inflows.
⚠️ Broader economic factors, including rising diesel prices and inflation concerns, contribute to Bitcoin's cautious outlook, keeping it range-bound between $63,000 and $68,500 as it awaits stronger demand.
📈 Bitcoin achieved a 1% weekly gain, marking its fourth consecutive week of growth, but showed signs of losing momentum after a midweek reversal.
🏦 Institutional demand remains weak, with CME Bitcoin futures dropping below $6 billion and a notable decline in the Coinbase Premium Index, indicating limited buying pressure despite recent ETF inflows.
⚠️ Broader economic factors, including rising diesel prices and inflation concerns, contribute to Bitcoin's cautious outlook, keeping it range-bound between $63,000 and $68,500 as it awaits stronger demand.