• Bitcoin price forecast sees new breakdown as crypto liquidates over $200M Bitcoin fed into “extreme bearish sentiment” as a tight BTC price range fueled daily crypto liquidations of over $200 million. • Cointelegraph in your social feed Bitcoin (BTC) fielded fresh downside predictions Thursday as BTC price action kept long liquidations high. • Key points: Bitcoin price analysis sees lower levels coming amid a lack of a “strong bounce.” Bitcoin price analysis sees lower levels coming amid a lack of a “strong bounce.” High liquidations contrast with the tightly rangebound BTC price behavior. • High liquidations contrast with the tightly rangebound BTC price behavior. • Crypto funds seal a fourth week of net outflows amid “extreme” bearish sentiment. • Crypto funds seal a fourth week of net outflows amid “extreme” bearish sentiment.
Article Summaries:
- Bitcoin traders warn of a potential downside break as BTC trades in a tight range near $65,600‑$71,000, while large liquidations exceed $200 million. Analysts note that despite limited price volatility, significant margin calls are clustered around $68,000‑$71,000, increasing the probability of a pullback. Institutional outflows have continued, with crypto funds reporting a cumulative $3.74 billion withdrawn over four weeks, and Bitcoin alone saw $133 million in weekly redemptions. Market sentiment remains “extreme bearish,” prompting expectations that Bitcoin may test lower support levels before a possible rebound.
Sources: