Bitcoin Trend: Bitcoin is battling to break through resistance ! Why ?

$BTC is having difficulties. For various reasons, $BTC is having trouble surpassing the $70,000 mark. One of the primary reasons is the severe lack of buying power. Prior to this, large capital inflows caused the price of $BTC to hit all-time highs.

The situation of the market indicates that less and fewer new buyers are willing to make these substantial investments. It's getting harder for $BTC to break through the psychological $70k barrier due to a lack of buying demand.#BTCFOMCWatch #CPIAlert #ETHETFsApproved #TopCoinsJune2024 #bitcoin

An other crucial element is the alteration in institutional conduct. Despite being essential to $BTC previous rallies, institutions are now withdrawing their capital from Bitcoin ETFs. People seeking higher returns in other asset classes or fresh advancements in the bitcoin space are partly to blame for this shift.