#BTC☀ — outflows from spot ETFs🔽

Despite some uncertainty, #Bitcoin is still in a sideways trend, which leaves hope for a rebound to the upper border of the channel - $72,000 🔼

However, the current price decline is largely due to the next outflows of funds from the spot $BTC -ETF. Yesterday's outflows amounted to more than $226 million, which is pushing the cryptocurrency market down. Bitcoin cannot yet fully rebound upward.

❗It is important to note that MA200 on the 8-hour timeframe (MA100 on the daily) acts as strong support and is holding back further decline for now. A break through these levels would signal a serious fall to the $61,000 area, but for now this is a less likely scenario.

📝 Overall, the Bitcoin price is expected to remain in the range of $67-72,000.

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