Myriad predictors think it's increasingly likely that Bitcoin's next stop is $55,000 rather than $84,000 as BTC continues its slide.
In brief
Traders have become bearish on Bitcoin, now favoring the next stop being $55,000 instead of $84,000.
The flip comes as Bitcoin continues to slide following Strategy's BTC sale and surging ETF outflows.
Bitcoin is now trading below $68,000—its lowest price in nearly two months.
Bitcoin hits 2-month low as Strategy sells, ETF flows turn negative
Bitcoin Price Today Drops to a Two-Month Low Near $70K
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Bitcoin drops back under $70,000, Strategy extends its slide
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Prediction market odds are rising for Bitcoin to drop below $70,000 in the next few days following a dip to a six-week low price.
Bitcoin nearly fell below $80,000 and it could get worse. But the fundamentals are different this time.
Bitcoin just had its worst day since April. The death cross is in effect, and prediction markets are bearish. Here's what the…
Strategy made its first BTC sale since 2022 as Bitcoin ETFs shed billions over the last two weeks, nudging the price down even…
Bitcoin hits a 2-month low amid institutional selling and negative ETF flows. Price below $68,000 by June 1 at 0.4% YES, between…
Bitcoin touched its lowest price in a month overnight following an awful week for ETFs, which shed over $1.25 billion this week.
