Bitcoin (BTC) continues to trade in the red on Tuesday after facing rejection around the $70,000 level on Monday.
Bitcoin Price Forecast: BTC dips below $67,000 as holders book profits Bitcoin continues to trade in the red on Tuesday after facing rejection around the $70,000 level on Monday. Despite the price decline, institutional investors capitalized on the recent dips, with the US spot Exchange Traded Funds recording over $297 million in inflows. Looking ahead, crypto market price action may be choppy this week due to a lack of immediate catalysts.
36 on October 13. Technical analysis and onchain data further support a short-term decline, as the formation of bearish divergence on a momentum indicator and decreasing trading volume suggest a weakening upward momentum. Crypto market stumbles during climb Cryptocurrency capitalisation has corrected 1.8% over the past 24 hours to $2.34 trillion. However, these figures reflect a partial recovery from earlier lows of around $2.27 trillion earlier in the day.
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