Bitcoin Price Could Drop to $59K Amid Low BTC ETF Inflows, Analyst Says

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U.S. Spot BTC ETF Approval Likelihood Raised to 65% by Bloomberg Analysts

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“While this is an unpopular narrative, it would be expected to see inflows slow down after prices experience significant intraday volatility,” the report said. “Based on our reversal indicators, a retracement to $59,035 appears more likely, offering better risk-reward entry levels,” which would indicate another 10% drop from current BTC prices.

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