With the outflows from the Bitcoin ETF continuing piling on the selling pressure, we should see a downward trend in the price action in the near term.
A drop to 59k to 60k range would see a price correction of around 20% from the all time high of 73k. This would also follows the trend of all the previous pre-halving price action of an average 20% correction before the halving takes place.
ETF selling pressure could somehow end when bitcoin reach the 60k level before we sees a rebound of back to 68k where we will most likely consolidate until the halving happens.
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