#BiyondDaily ⤵️
1️⃣Bitcoin returns to the danger zone after Chair Powell remarks on the economy's strength and dismisses fears of rate hikes.
2️⃣Standard Chartered bank predicts Bitcoin to decline to $52,000-$50,000 due to negative ETF flows and tightening liquidity.
3️⃣Despite the pullback, analysts view it as temporary within a strong uptrend, with $52,000 being a crucial technical support level.
4️⃣Liquidation Heat Map identifies $52,000 as a critical level to monitor if $55,000 is breached.
5️⃣Bitcoin ETFs experienced a significant net outflow of $563.7 million, the largest since their trading began, with around half now in negative territory.
