#PowellRemarks Bitcoin Price Predictions: BTC Holds at $84,000 Despite Hawkish Federal Reserve Statements and Spot ETF Outflows:

Bitcoin's price stabilizes around $84,000 on Thursday after facing multiple rejections around the 200-day exponential moving average.

The hawkish statements from the Federal Reserve on Wednesday are affecting market sentiment for risk assets like Bitcoin.

U.S. Bitcoin ETFs recorded an outflow of $169.87 million on Wednesday.

Bitcoin (BTC) is stabilizing around $84,000 at the time of writing this report on Thursday after facing multiple rejections around the 200-day exponential moving average (EMA) at $85,000 since Saturday. Despite the risk-off sentiment due to the hawkish statements from the U.S. Federal Reserve (Fed) on Wednesday, BTC remains relatively stable. Meanwhile, institutional demand shows weakness, with nearly $170 million recorded in spot Bitcoin exchange-traded funds (ETFs) outflows on WednesdayBinanceAlphaAlert# #PowellRemarks BTC #BTC☀ #ETFs.