$BTC 🚀 Bitcoin Battles at $103K Amid ETF Outflows – What’s Next? 🚀
The BTC/USDT pair is trading at $103,025 (-1.58% in 24H) as Bitcoin faces pressure from $278M in ETF outflows, signaling institutional caution. Despite this, key metrics hint at potential resilience:
📊 Critical Levels to Watch:
- Support: $102,500 (50-day MA) – A hold here could trigger a rebound.
- Resistance: $105,800 (20-day EMA) – Breakout could target $109,588.
- RSI: 42 (approaching oversold) – May attract dip-buyers.
🔥 Mixed Signals:
- Bearish: ETF outflows and futures contango narrowing to 6.49%.
- Bullish: On-chain data shows 12,500 BTC withdrawn from exchanges, suggesting accumulation.
💡 Pro Tip: Watch for a volume surge above $105K to confirm bullish reversal.
Did You Know? Bitcoin’s 52-week range spans $93,754–$111,980 – a breakout could reignite the bull run.
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