Bitcoin’s ‘bear flag pattern’ targets $67K as BTC spot demand slumps
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.