Bitcoin demand is weakening with prices struggling below $80,000, a critical level that may lead to a 15% drop.
Current prices: $BTC $ETH $BNB $SOL are stable with 24h change at 0%, awaiting a major move.
The news story highlights a decrease in Bitcoin demand and ETF flows, which may result in months of consolidation, with a potential drop to $65,000, a 18.75% decline from current levels, due to less aggressive demand, and this is a bearish sign for the market.
The weakening demand is a major concern for investors, with a potential impact on the overall crypto market, including $ETH $BNB $SOL.
The story also mentions a potential prolonged consolidation, which may affect the entire crypto market, including $BTC $ETH $BNB $SOL.
Support at $75,000, Resistance at $85,000.
Bearish signal, target $70,000.
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