BTC dip predictions fall below $90K: 5 things to know in Bitcoin this week
Bitcoin confronts critical resistance as traders anticipate potential corrections. The price remains around $112,000, with warnings of a possible 10% drop. Attention is directed toward upcoming economic indicators, including the Consumer Price Index (CPI) and Producer Price Index (PPI), amid speculation of a Federal Reserve interest rate cut. Market dynamics suggest a shift from Bitcoin to Ether exchange-traded products is losing momentum, as institutional inflows to Bitcoin ETPs have increased while Ether sees outflows. Furthermore, large Bitcoin holders, or whales, have sold over 100,000 BTC in the past month, signaling risk-averse behavior reminiscent of previous bear markets. The Taker Buy/Sell Ratio on Binance highlights liquidity concerns, indicating that if liquidity does not recover, market conditions may worsen despite potential positive catalysts. Overall, with looming correction fears and fluctuating institutional interest, BTC could face major challenges in the weeks to come.
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