Bitcoin Price Trend Forecast: Continued ETF Outflows Limit Bitcoin Price Rebound Space, $58,000 Becomes Key Level for Bulls and Bears
TradingKey - As of the European trading session on July 1, the price of Bitcoin (BTC) fluctuated around $58,700. It hit a new year-to-date low of $57,800 earlier in the day before staging a modest recovery, though it still failed to reclaim the $60,000 threshold. From a technical perspective, Bitcoin prices have trended downward recently, dragged down by continuous outflows from Bitcoin ETFs. Year-to-date, Bitcoin has accumulated a decline of 33%.