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Bitcoin price rallyCoinGape
•Business
Business & Economics
62% Informative
Bitcoin (BTC) price is down 0.40% today and hints at a bearish breakdown if bulls fail to overceom $ 106,000 .
Order book depth for both spot and pepetuals show sell orders up to $108 K, suggesting headwinds for Bitcoin .
Fundamentals also look weak due to recent shift in investor interest from Bitcoin to ETH , leading to spot ETF outflows for BTC.
Drop in volatility to 3.99 suggests that a violent breakout soon.
A breakdown of $ 100 K could lead to a brutal sell-off.
The short-term outlook for the Bitcoin price remains uncertain, but is partially skewed in favor of the bears.
Fundamentals and investor outlook also remain bearish in the short term.
For a long-term Bitcoin price prediction between 2025 and 2030 : Read this FAQs.
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