1 n, F+ F2 y( l" G% ?4 R' p1. New Bitcoin price lows on the table until $76K becomes support o0 u4 z% |3 h1 R8 d $ T3 A, i9 Q( C( r( sBitcoin data shows a series of bearish trading patterns that could usher in new price lows if the key support at $60,000 fails to hold. Here’s why bulls need a rally to $76,000. 4 ?: T2 T3 i9 l9 {/ m ) s) G @) q. c. N$ f0 e2. Rocky US economy, private credit stress, war, impact Bitcoin’s odds for $75K rally/ u' j/ L; u) A# j M" ?
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Are Bitcoin’s odds for a rally to $75,000 diminished by a weakening US economy, the war in Iran and multiple institutional BTC holders selling in the open market?& c* G7 [5 ?% Y, H' }- P
$ L8 e. g5 n( _- G" c3. Bitcoin holders face $600B in unrealized losses as BTC price slips to $66K 7 u5 a/ M* z, D4 r, T, Q 3 O1 b, H0 {% P& ?2 s/ yAbout 44% of Bitcoin's circulating supply trades underwater at $66,000 with weak spot demand weighing on market sentiment. 4 q5 R" \1 s/ f& \ C * l+ X8 p0 V6 I5 {4. Bitcoin hits weekly low on oil fears as analyst teases $10K BTC price target ! ?1 v$ Q/ D# L2 W0 T( R5 |; V+ M4 J. F9 x8 l( C. a! a' G% n- h x
Analysis warned that Bitcoin risked falling to $10,000 in the long term as BTC price action fell with US stocks thanks to oil-supply concerns.- h$ `9 m' j; g8 ^
* g" o. f+ x$ H5. Riot wallet outflow adds to selling wave among listed Bitcoin miners9 N& V* h6 [9 a4 [* W