Analysts are now warning Bitcoin could fall to 68,000 dollars before any real recovery. ⚠️
The Economic Times reports Bitcoin was trading near 75,700 dollars on Friday, moving between 74,888 and 76,416 dollars, with analysts warning another decline could come first, some seeing downside toward 73,400 dollars and a more bearish forecast pointing to 68,000 dollars. 📉 Spot Bitcoin ETF outflows are adding to the pressure, with 430.2 million dollars leaving on 5 November and 411.92 million dollars more on 6 November, taking the week to date outflow past 1.28 billion dollars. My reading is that the 68,000 dollar call is a warning, not a prediction set in stone, because Bitcoin has held 75,300 dollars twice this week, but every failed bounce under 77,900 dollars makes the bearish path easier to see.
Do you see 68,000 dollars as a real risk, or does 75,300 dollars hold and trap the bears? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoNews
The Economic Times reports Bitcoin was trading near 75,700 dollars on Friday, moving between 74,888 and 76,416 dollars, with analysts warning another decline could come first, some seeing downside toward 73,400 dollars and a more bearish forecast pointing to 68,000 dollars. 📉 Spot Bitcoin ETF outflows are adding to the pressure, with 430.2 million dollars leaving on 5 November and 411.92 million dollars more on 6 November, taking the week to date outflow past 1.28 billion dollars. My reading is that the 68,000 dollar call is a warning, not a prediction set in stone, because Bitcoin has held 75,300 dollars twice this week, but every failed bounce under 77,900 dollars makes the bearish path easier to see.
Do you see 68,000 dollars as a real risk, or does 75,300 dollars hold and trap the bears? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoNews
