Bitcoin price prediction as ETF inflows plummet – will a bear market begin?


If things are feeling unstable right now, it’s not what you imagine.

flat michael saylorBitcoin’s most vocal supporter has appeared nervous during recent public appearances. One viewer noted that this was the first time he seemed nervous talking about Bitcoin.

Bitcoin is down more than 27% this month, but ETF data is flashing red flags.

US Bitcoin ETFs have experienced outflows for the sixth day in a row, with more than $3.2 billion lost over the past 30 days.

The numbers bring November’s total outflows to $3.5 billion, on track to be the worst month on record, but so far there is little sign that sentiment is improving.

Source: The Block

Price movements like these have led many to believe that this is just the beginning of a bear market.

Analysts known as “Against Wall Street” believe that Bitcoin’s current price movement almost perfectly reflects the late bull market and early bear market of the previous cycle.

If this truly reflects the early stages of a bear market, Bitcoin’s next price move could be significant.

Bitcoin price prediction: could go well if we don’t lose this support level

Bitcoin recently broke out of a short-term downward channel and is currently grinding below its $71,000 resistance.

That’s the level. A clean reversal and hold at $71,000 makes this whole structure start to look more like a trend change than just a pullback.

Beyond that, $80,000 becomes the next magnet, then $90,000, and even $98,000. After all, this is a cryptocurrency.

Source: BTCUSD / TradingView

The downside is still $64,000 initially and $60,000 is the real level that bulls should protect.

Losing $60,000 is a whole new story. At present, the structure is improving and the pressure is increasing. It feels like Bitcoin will want to rise if the situation improves.

In these truly boring situations, attention usually shifts elsewhere. This is where Bitcoin Hyper is shining right now, having raised over $31 million and still in pre-sale.

Bitcoin feels heavy. Bitcoin Hyper feels different.

When Bitcoin rises around key levels and awaits macro catalysts, capital does not disappear. Rotate.

Traders want something faster, more flexible, and more dynamic than just holding and hoping.

That is exactly the lane on which Bitcoin Hyper ($HYPER) is built.

Bitcoin Hyper is a Bitcoin-focused Layer 2 powered by Solana technology designed to make BTC faster, cheaper, and actually usable for payments, apps, and staking without touching Bitcoin’s core security.

It maintains the power of the Bitcoin brand while adding the speed and practicality that modern markets expect.

And the momentum is already building. Bitcoin Hyper’s pre-sale has raised over $31 million so far, and $HYPER’s price before the next increase is $0.0136751, with staking rewards reaching up to 37%.

If this cycle rewards adaptability rather than patience, Bitcoin Hyper will be exactly where that capital flows next.

Visit Bitcoin Hyper official website here

The post Bitcoin price prediction due to sharp drop in ETF inflows – Is a bear market starting? appeared first on Crypto News.



Source link