Is Bitcoin Price Going to Crash Again?

Key on-chain metrics reveal that Bitcoin’s downtrend may continue. A classic bearish continuation pattern suggests BTC price could dip as low as $63,000.

📉 BTC Price Update

Bitcoin reached $83,700 on March 12, but faced rejection at the $84,000 level. The question now: Will BTC drop further?

🔍 Weak Demand

Spot Bitcoin ETF outflows have surpassed $1.5 billion, fueling the BTC price decline. Apparent demand for Bitcoin remains low, signaling a weaker risk appetite among investors.

⚠️ Bearish Indicators

Bitcoin is trading within a bearish flag pattern, suggesting a potential drop to $68,400. If support levels fail, BTC could fall further to $63,000.

What do you think? Is BTC headed for another crash?

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