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


“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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